You have probably seen adverts for new cars on sale which made you want one. But are they worth it? New cars are good. It will be clumsy to doubt this since they come with updated features, fresh factory smell, good financing, and other benefits. But still, there is another good option, the used cars. Besides getting them cheaper, good cars come with lots of benefits. This includes giving you the same satisfaction as the new vehicle.
This article will discuss some of the benefits of getting a used car over a new one. Here are the advantages.
Used car saves you money
Buying a secondhand car will save you some dollars and probably get you a better car than the overpriced new models. In comparison, used cars sell at an average of around 60% of the new vehicles. They are readily available, which means you can get your preferred model faster in good condition. According to used vehicle experts from privateauto.com, most used cars haven’t hit the road that much, and you can find some used for less than six months. Buying a new car enables you to get a better model on a low budget than when you buy in cash. For example, you can get an all-wheel-drive model with a low budget, which you can’t afford when new.
Bulk depreciation already occurred
As soon as you drive the new car from the showroom or dealer, its price depreciates tremendously. You can even find some models depreciating by 15% when they leave the showroom. For instance, if the car cost price is $20000, the moment you drive it from the showroom will be worth $17000. It will have lost $3000 in value. Buying a used vehicle relieves you from this depreciation since you’ll buy the already depreciated vehicle. The more the vehicle stays on the road, the more its value goes down. If you are lucky, you can find some vehicles whose value has even gone up, especially the limited editions. Buying a secondhand vehicle gives you a vehicle that’s cheaper and worth it at the current market price.
There are no exaggerated fees
Used vehicles have no excessive fees put by motor dealers. When selling a new vehicle, a car dealer puts in some hidden charges, making the new models expensive. You will find fees such as storage fees, shipping fees, dealer preparation, destination fees, and much more. These fees are added to the base price of the new model. A used car comes with no hidden fees. You only pay for the vehicle and maybe a transfer fee. The document fees are worth a few dollars, which won’t increase the cost that much.
Zero or low customization costs
Most new vehicles come with items not worth using. Some of these items make the price go higher than the actual price. Most used vehicles are already customized and have no unnecessary items, thus lower prices. You will also get models that have undergone full customization, including the changing of tires, rims, entertainment system, shock absorbers, improved seats, and much more. All this will relieve you from additional costs when you buy the vehicle.
Used vehicles are certified and inspected
Other than getting these vehicles at lower prices, buying a used vehicle guarantees you a model that’s fully inspected and certified to run on the road. Some of these used vehicles have the same good condition as the new ones. Most second hand vehicles go back to the manufacturer or appointed agent, where they are checked and refurbished to function as good as new. They are also certified by the manufacturer before being released to the market. Other benefits include an extended warranty, better customization, special financing, and other benefits available on new models.
Low Registration Fees
In most states, vehicle registration depends on its value and its manufacturer date. The rate reduces more when the vehicle attains five years on the road. Buying a vehicle that’s at least three years will save you some dollars on registration and insurance premiums. You might even pay lower premiums on a high-end vehicle compared to when you buy a cheaper new model.
Other benefits of buying used cars are better warranties and low theft risks. When buying a new vehicle, it’s important to get it from a reliable used vehicle dealership to get all the benefits mentioned above. They will also ensure you get a vehicle worth the price and one with all features from the manufacturer. Following these procedures ensure you get a model that will guarantee value for your money.
It is great to know that you can save money by purchasing a used car. My best friend and her husband are hoping to purchase another car. I’ll suggest that they buy a used car to save money.