So many persons have missed the awesome benefit of buying a used car. Do you know that most times there is no different between your so called new car and the used car? Find out the reasons why you have to go for used car today.
Used cars not only have a lower price tag than new cars, but they also have less depreciation. Brand new vehicles lose the majority of their value within the first few years of ownership, so used car buyers avoid the greatest depreciation period. Old cars are always much cheaper than new cars but there is always a problem of inheriting the problems faced by the previous owner. And this problem might be a minor one. This can be easily negated by checking whether the car is certified or not. If you have always dreamt of owning a luxury car but are not able to do so because of budget problems, you can easily enjoy the pleasure of driving a luxury car by buying a second hand model.
When you choose to buy a used car, you have thousands of makes, models, and years to pick from. This is especially helpful if you prefer the design of an older model or a feature that is no longer made.
3. Insurance Rates
The insurance rates for used vehicles tend to be less expensive than brand new cars. Taxes and registration fees also tend be lower with used cars.
Most new cars come with several advanced tech features and components that you may find unnecessary. Older models, however, offer simpler features that still provide rider comfort, convenience, and entertainment.
5. Save Money
A used car would provide your dollar more flexibility. Compared from buying a new car that would eat all your finances, buying a used car would allow you
or purchase other accessories you need like air conditioner, television and others. Buying used car would save money for you. Just be wise in choosing sound used car.
6. Low Depreciation Rates
A newly acquired car depreciates at a higher rate than an old car and that is where you are set to gain. Cars lose some value with each passing month and mile. But the highest loss in value occurs in the first year and it is close to 40%. When buying a used car, you do not have to face any such huge depreciation. Also, there is less mental depreciation since you do not have to worry about the rock chip in the paint or about the parking-lot ding.
7. Low Insurance Rates
Just similar to financing, insurance rates are also affected by the age of a car. But in case of used cars, insurance rates tend to be less expensive. Those who do a little bit of pre-purchase research get saved from the insurance sticker shock, irrespective of which vehicle they choose. The car insurance rates for a new car are going to be significantly higher than for a used car. The reason is that a used car is “worth less,” according to the way insurance companies estimate the cost of replacement and repairs. If you do buy new, you will still be paying insurance on the depreciation that you lose that first year and for a long time. Buying used is not going to cost you;, and you really won’t be sacrificing anything.
8. Sales Tax
Most ads for cars usually gloss over the tax issue. Many state laws levy taxes on purchase of new cars but no tax is levied on used cars. This way the buyers of old cars can save on a lot of money
9. Decent condition of used cars these days
Gone are the days when used cars meant shabby, worn-out exteriors and interiors and scratches all over. The users in today’s age do not have to sacrifice reliability and overall condition to strike a good deal on a used car. There are plenty of options in the used cars segment and you can select a car that is scratch-free and in good mechanical shape. You can easily finalize one that is “looks like new”. New in the sense that some people are keen on any new model. They will sell off their 2014 model and go for 2019. In this case, the car will be sold as a used car. The buyer will stand a better chance of big benefit. Therefore there are so many advantages of buying a used car.
10. Lower registration fees
When you buy a used car, it will cost less to register the car too. The registration price that you pay is based on the amount that you paid for the car. If you pay for a new car, then you are going to be paying significantly more than if you purchase a car that is two to three years older. And a slightly older car is probably not that much different than the latest year’s model.
11. You get more of what you want
When you buy a used car, you can get more upgrades for less money than if you buy new. All the money that you would have spent buying a new car can be used to get a car that is in a higher class and has more features and upgrades and which is only slightly older. Instead of getting the lower-end model of a new car, you can get a used car that is the manufacturer’s top-end model for about the same price and get everything that you want.
If you can’t find a used car that has all the upgrades you want built in, you can use the money you save from buying used to install aftermarket upgrades and probably still come out ahead. For most car manufacturers very little about the design changes from one year to the next. This means you are likely to be the only one who will know that you bought used instead of new.
Sometimes people shy away from purchasing used cars because they worry that they are just buying someone else’s problem. If you are going to buy used instead of new, make sure you purchase a sound used car. You might not know a very good one; you need to look for Autoremedy365.com for such cars.