The Benefits of Buying Used Cars: Your Best Bet Could Very Well Be Used
If you are in the market for a car, then one of the biggest decisions you will ever make is whether you should go for a new car or a used car. Granted, it is fun to get into a brand new car and that fresh smell, more features than your previous car and cleaner interior, but there are some very good reasons to consider a pre owned vehicle. For cars, a used car is the way to get the most bang for your buck, but rather you don’t hand to skimp on quality, power, or looks.
In this blog post, we’re going to discover the many perks of buying a used car and why you should use Coastal Motor Advisory: So here’s why it can be your best option and how you can be sure you are getting the most bang for your buck.
- Cost Savings
A second hand car is one of the most transparent ways to save money. A used car should cost roughly a lot less than the next new car. It can be a pretty harsh first year owning a new car when the car devalues between 20 – 30% of the new car value. If you’re buying a used car, what really are you actually going to be writing off rather than the most significant portion of the car’s depreciation?
People that are shopping on a tight budget find that appealing because the lower price point means you can get a better car or a car with more features that you might if you were buying new.
- Lower Depreciation
As true for every car on the road, depreciation means the loss of a car’s value over time. New cars depreciate much more quickly, though, than used cars. As soon as you pick up a new car off the dealer lot, the car’s value depreciates very quick. With a used car, you don’t have someone taking the first depreciation hit on the car, and you get to retain more value in the car in the long run.
Generally, the used car preserves its value more than the entirely new car. And if you do eventually want to sell, the amount of money you will have lost isn’t insignificant.
- Lower Insurance Costs
If you have ever bought a car, you would have seen that the insurance on used cars is cheaper than on new cars. One of the important starting parameters for determining insurance rates is the price of the car, so the cheaper the car, the lower the premium.
In simple terms, aside cutting the costs on your original investment you are also cutting away on the future expenditure. From the long term saving, these used cars are a much cheaper option also.
- Certified Pre-Owned Programs
Today, nearly every dealer will have the certified preowned (CPO) program to sell you a used car with a warranty from the manufacturer. This is a CPO vehicle as per its age and mileage provided all required tests were done from the manufacturer. They are also inspected and reconditioned so by the time you get them they are as new.
Since with CPO programs, you will get an extended warranty and extra services like roadside assistance, they are great for buyers who want new car incentives for a lesser cost.
- Wide Selection of Models
If you choose to purchase used, you’ll be presented with far more alternatives than when you only look for new vehicles. If you have a particular make and model of car in mind then it should not be too hard to find one in the used car market. On the other hand, the plus with the used cars is that you can use the models that are being phased out as after you buy one you will be the only one driving that model of a car for a long time.
Some car buffs will deem it’s even reasonable to buy a used, as long as it’s that legendary model that everybody knows has retained its performance.
- Eco-Friendly Option
On that front though, sales of new electric vehicles (EVs) are on the rise, but even buying a used car is an environmentally friendly choice. So buying a pre owned vehicle is a good thing for the automotive industry because you already have a car – as Robertson says – and are not adding to the number of new cars on the road, a process that he says is very resource intensive.
Today there is a plethora of used hybrid and electric vehicles available to consumers looking to reduce their carbon footprint but still enjoy the convenience of a pre owned automobile.
- More Affordable Luxury
Perhaps you’ve dreamed of owning a luxury car, but you can’t afford to buy a new one. There is nothing wrong with purchasing a high profile car, or Luxury cars like BMW, Mercedes Benz, Audi etc, at discounted charges with heavy depreciation in their initial years.
If you want to buy a luxury car, you will receive the car for very little money, all the features of a luxury car, with high quality of workmanship and a good driving comfort – but not the price of a new car.
- Vehicle History Reports
The state of the car is usually one of the main worries people have when purchasing a used car. In fact, thanks to the technology, people can get vehicle history report from websites such as Carfax or Redbook in Australia. But these reports will have all sorts of information about the history of the car – whether it’s had an accident, been serviced recently, and who owns it have belonged to.
With this information, you can now rest better knowing your used car decision was a good one or even unlock options to save you $$$$$$ in the future.
Used cars can be a better option than new when shopping for your next vehicle. But maybe you’ve already formed an opinion about them. Or maybe you’re considering one for the very first time. Here we’ll explain why you should give used cars a second look.
The used car has many advantages, such as the lowest prices, and less depreciation and cost of insurance. Used cars are great for many customers because of CPO programs, along with a big inventory of models. So ideal is the used car market for anyone who is out there looking for a four wheel machine that is environmentally friendly, a luxury car for that set price or just a car that will do the work of getting someone from one point to another.
For any individual, who would want to look or begin buying a new car in the market, it makes absolute sense to buy a used car whose quality is second to none. Contact Coastal Motor Advisory Today!
