Not sure whether you should buy a used car or a new one? Wondering why choosing a used car may be the better choice?
Many people who make the choice to buy a brand new car regret their decision pretty quickly, as they start making payment after payment and as the value of their vehicle plummets.
Buying a used car may not seem as glamorous as buying a brand new one. However, the smartest consumers tend to do it anyway because they know a few things that most people don’t.
If you’re wondering whether you should buy a used car instead of a new one, look no further. Below we’ll tell you why buying a used car is a much better choice for first-time buyers.
1. Forget About Depreciation
One of the top reasons for buying a used car over a new one is because new cars lose their value quickly. New cars depreciate in value quite a bit in a very short amount of time. This means that a new car will be worth significantly less as soon as you drive it off of the lot and as time goes on.
Typically, a used car, even one that is only a year or two old, will have already lost a lot of its value. This means that when you buy a used car, you won’t be paying for the privilege of driving it off of the lot.
Additionally, if you decide that you want to sell it later, you may be able to recoup quite a bit of the cost.
2. Avoid Hidden Fees
Another great thing about purchasing a used car is that you’ll typically save a pretty nice sum in the form of fees. With a new car, the price that’s advertised usually isn’t what you’ll pay for it in the end.
On the other hand, used cars have fewer added-on fees than newer cars tend to have. By buying a used car there will be fewer fees that will be tacked on at the end of the sale. Avoiding these fees will save you quite a bit of money on the upfront costs of buying a vehicle.
3. Reduce Insurance and Registration Costs
One of the most significant ways that owning a used car will save you money is that you’ll pay lower insurance premiums and lower annual registration fees.
Because used cars are lower in value than brand new ones, insurance companies won’t require the same amount of coverage when it comes to insurance. Insurance rates are largely tied to the value of the vehicle, so when you own a used car, you’ll typically get a much better rate.
Additionally, with a used car there will usually be lower annual registration fees. Depending on your state, registration costs will be significantly reduced by buying used instead.
4. Do Your Part For the Environment
One of the best reasons to get a used car instead of a new one is that it will be better for the environment.
A considerable amount of carbon dioxide is produced when a vehicle goes through the manufacturing process. This amounts to nearly a quarter of the carbon dioxide a car will produce during its lifetime.
When buying a used car, it will have already gone through the manufacturing process. This means you’ll be able to make the purchase guilt-free.
5. Get a Certified Pre-Owned Warranty
When buying a used car, dealerships will often offer special perks to sweeten the deal and make your purchase less risky.
Certified pre-owned vehicles are inspected thoroughly and refurbished and they usually come with a great warranty. These vehicles often come with special financing deals or bonuses as well. For example, you may get free car rentals while yours is in the shop or free roadside assistance.
If you buy a new car that starts experiencing issues, you may need to get a car lemon law lawyer to help you out. However, in the case of certified pre-owned cars, you’ll still get quite a bit of protection from the included warranty.
6. Join a Knowledgable Community
Another benefit of buying a used car is that there will typically be more knowledge out there surrounding them.
Since used car models have been around for a while, that means that there are a lot of other people who have the same vehicle. These people will have already run into problems and made repairs, they will already know the ins and outs of the specific vehicle and model.
This means that if you ever need tips or tricks for making repairs or for getting the most out of your vehicle, the information will usually just be a quick Google search away.
7. Discover More Options
A top reason to buy a used car instead of a new one is that there are many options for vehicles to choose from. For example, many drivers prefer the look of a retro sportscar while others prefer to have a classic Jeep that is perfect for offroading.
New vehicles come out every year and the overall look and feel of vehicles are always changing. If you don’t like any of the newer models, then you’re out of luck if you want to buy a new car.
By choosing a used car instead, you’ll be able to have a variety of options and can pick from the full spectrum of vehicle models and years.
8. Minimize the Cost of Add-Ons
One of the benefits of buying a used car is that modifications will usually be cheaper and easier to handle. It can be a lot cheaper to buy a used car and then customize it to your liking rather than buying a new car that comes with a lot of dealership add-ons.
By buying a used car you can make all of the major improvements and updates you want by yourself or you can take it to your favorite mechanic. You can also do it at your leisure, making small changes over time until you have the perfect vehicle for your needs and preferences.
Choosing a Used Car That is Perfect For Your Needs
While buying a brand new car can be a great feeling, choosing a used car is often an even better choice. By buying a used car you’ll experience the advantages above and will get a lot more for a much lower price.
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