Buying a car is a dream for most people. There are a lot of options where you can buy a car but have you considered buying a used one? There are good reasons why you should consider buying a secondhand car. Affordability is number one. Below are more good reasons to show that buying used cars can be advantageous.
A Car Depreciates
The moment you drive a brand new car off the dealer’s lot, its value will begin to drop. It can lose its value of up to 40% within three years. When it’s four years old, a typical car will only keep half of its original value. After the four year mark, depreciation decreases. Buying a car that’s three or four years old makes a lot of sense. You would be able to save money and also get a dependable car. After all, cars are as valuable as how they have been maintained.
Low Insurance Costs
The value of a brand new car is the first thing that an insurance company will consider when they are determining the rates. The higher the value of a car, the more money they can get in case of accidents. When you get a used car, the insurance will cost less because of depreciation. Insurance for a used cars has far less value than that of a brand new car. This is a good thing to keep in mind.
In the past decade or so, a lot of progress has been made when we talk about cars, one aspect is its dependability. Thanks to technology, the problems that older car owners have, like engine, transmission and exhaustion problems, have been improved. Proper maintenance is key to have a healthy running car. If you decide to buy a used car, you want to make sure that the previous owner has been taking good care of the car.
A disadvantage of having a used car, though, is that it doesn’t have a warranty anymore. You will have to pay for the repairs by yourself. Most of the things you’ll have to pay for will be wear items like brakes, tires, and batteries.
Security and Safety
In the past, buying a car that’s already three or four years old meant that there are safety features you have to give up. Safety features like electronic stability control, side curtain airbags, and anti-lock brakes. You can now find these features on most cars manufactured after the year 2009. In buying used cars, you may need to do some research to be sure that any car you buy has these safety features. A car with stability control is important as it will keep the car on its intended path. It prevents it from sliding sideways when you turn.
When buying a car, your budget is how you will decide what kind of car you are buying. A brand new car is more expensive than a used car. Car dealerships often need you to make a down payment of at least 10% of your new car loan. If you don’t pay a hefty amount of money initially, the monthly payment you’ll have will be higher. If money is your issue, and you don’t have that much to invest in a brand new car, a used car may be your best option.
A variety of choice
When browsing brand new cars in the market, buyers are often stuck with little choice. However, when you are buying used cars, you have an almost unlimited array of variety to choose from. If you are looking for something specific, you might find exactly what you’re looking for with a used car. No matter what body style, engine, seat configuration, or fuel consumption you want, you’ll find it.
Majority of the modern cars today have a more durable build than previous models. The engines of today’s cars are made to last for more than a hundred thousand (100,000) miles. The body of these cars is also more corrosion-resistant than older cars. Its components such as suspension, clutches, and brakes can now be replaced if and when needed.
If you’re interested in buying a used car, please visit The Auto Warehouse.