Benefits of Purchasing a Second-Hand Car The choice to buy a new car or go for a pre-owned car can give you a headache. Brand new vehicles come with all sorts of features, styles, low interests and such kind but the price may not be friendly at all. That is why we will look at […]
The choice to buy a new car or go for a pre-owned car can give you a headache. Brand new vehicles come with all sorts of features, styles, low interests and such kind but the price may not be friendly at all. That is why we will look at an overview on some used-car wisdom that might help you make a good choice on the same.
Pre-owned cars are less expensive. The value of a new car drops once it is taken out of the showroom and driven around. It is estimated that on average, the value will be 54% of the price you originally bought it. Well this is bad Therefore the average cost of a second-hand car is below that of a new model and that’s not all. Additionally, you will spend less on taxes and to insure the car is way more affordable. It’s important however to consider mileage and warranty issue because it will affect the cost of maintaining the vehicle.
Another concern is financing terms and rates. There are available and lucrative financing deals for new cars. Don’t be carried away and forget to do the math though. Besides there are programs that have helped bridge the gap. The companies give lower rates, vehicle inspections that are extensive and also a bonus on an extended warranty. Since there are so many attractive financing options for used cars, the advantage of purchasing brand new cars is continually waning.
Another factor in play is the history report of the pre-owned vehicle. It is only natural to feel uncertain about buying a used car since you may not be sure where it has been. Do not be in worry however since there is a way to rack the history report of the car you are interested in by using reliable tools like CarProof. This way you get to know exactly what it is that you are dealing with. In as much as the history report doesn’t delve into the nitty gritty, it offers you the main information needed to settle your doubts. The critical information you need includes; previous owner(s), accident history records, mileage and distance records, as well registration status.
Lastly the issue of reliability comes in. It is natural to feel unsure about the reliability of a pre-owned vehicle. Several studies show that the average car on the road is over a decade old and the number keeps going up as manufacturers work hard to enhance their line-ups. Modern cars, SUVs, and trucks have a longer lifespan and that’s an advantage for you if you are looking to buy a used car.
Sure thing that the prospect of buying a new car that hasn’t been used before is great but it’s also true that pre-owned vehicles offer a better value.