Top 3 Benefits of Buying a Used Car Instead of New

Top 3 Benefits of Buying a Used Car Instead of New

Indeed, nothing can beat the amazing feeling of buying a brand new car. However, purchasing a used car also makes sense for several reasons. Buying a second-hand vehicle is a wise choice and surely makes financial sense. Purchasing a new car is not the right decision for everyone. It’s obvious to get attracted to the latest model cars with attractive financing options. But if you’re looking for an affordable option, a used car can save you money while providing the same satisfaction as a new car.

Many people believe that buying a new car is an unnecessary expense when you can get the same model at lower prices. Over the past few years, the used car market has taken massive leaps. As a result of growing popularity and demand for used cars, a plethora of certified used cars with good post-sale services are available today. The brand new cars are expensive because of the registration fees and depreciation costs that add up to thousands of dollars over the first few years of car ownership. However, if you buy a certified used car, it’s possible to save money without sacrificing quality. Still confused about buying a used car? Keep reading to know the top 3 benefits of buying a used car over a brand new one.

  1. Affordable Price

The most obvious benefit of buying a used car is low cost. The smell, feel, and vibes of a brand new car are unmatched. However, to get that feeling, you need to first burn a hole in your pocket. There is a considerable difference in the price tag of a used and new car. The used cars are cheap because the value of vehicles can fall by up to 40 percent in the first year.

  1. Depreciation Benefits

According to experts, new cars usually depreciate about 20 percent the moment you drive it off the lot and another 10 percent during the first year. This means that during the initial year of ownership, a new car suffers at least a 30% loss in value. But when you buy a used car, you don’t have to worry about depreciation loss as you roll off the lot. By purchasing a second-hand car, you can avoid the depreciation loss suffered by the previous owner. Typically, depreciation flattens out after a car’s second year.

  1. Get More Variety and Higher Model

When you consider the option to buy a used car, you get the freedom to choose between plenteous makes and models. If you buy a brand new car, you get only a few options in your price range. You will have to compromise for the entry-level models. But when you go for a used vehicle, you can get a higher model for the same price. You get a much wider selection of inventory to choose from. Instead of a basic model new car, you can get a luxury used car in your budget. The used cars are tested and certified to ensure your peace of mind.

Categories: Used Luxury Car