Buying a car can be a difficult decision. It’s also an expensive and risky one. It’s no surprise that most people will choose to buy new. However, that’s a mistake and here are 8 reasons why you shouldn’t overlook the benefits of buying used.
1- The Price
The most obvious reason to go used is the price. Used vehicles are normally a lot cheaper than their newer counterparts. Even the more relatively recent models can be more affordable after a few years.
2- Lower Insurance Rates
Paying insurance every month is one of the hidden parts of owning a vehicle that gets overlooked. With a used car, you’ll be able to pay less every month. With new, not only are you paying for the premium price on something new, you’ll also have to deal with higher insurance rates.
3- Better Warranties
Buying a car is a large financial decision and that’s why having a warranty is important. It may be a surprise to hear, but most used cars actually come with an extended warranty after going through a rigorous inspection back at the factory.
4- Less Depreciation
Everyone knows that a new car quickly loses value throughout the first year. What most don’t realize is that this loss in value can be quite extreme. Although a used car has already lost much of its value, its remaining value will actually remain fairly stable and lose value a lot more slowly.
Just like with a new car, used vehicles also come with a large selection of customization options. From rust-proof coatings to sun roofs, a used car can be customized just to your liking. Better still, the price to install these extra options isn’t as high compared to a new vehicle.
6- Wide Selection
When you buy used, you are limited to the newest models. With used, however, you have your pick of nearly any vehicle you could want. Not only can you get the model of car that you want, you can also find one in the color you want or with the options you are looking for.
7- No Hidden Fees
New cars are expensive in more ways than one. New vehicles come with a lot of hidden fees that the dealership won’t tell you about until it’s too late. With used, you won’t have to worry about things like shipping fees adding to the sticker price of the car.
8- Less Risk
It doesn’t matter if you’re buying used or new, a large financial decision such as this is always risky. When you go used, however, you can be sure that the vehicle has gone through an extensive inspection process that guarantees that everything is in perfect working order.
Buying a used vehicle offers you a lot more than just a cheaper alternative. It offers you the freedom you deserve as well as the peace of mind that what you’re buying is in perfect working order. Do a little bit of research beforehand and you can be sure that buying used is the way to go.