Advantages of buying used car: If you dream to have a your own car and shares this wish to one of your good friend and that very moment he /she suggest you to purchase a used car, it may sound and seems you little awkward, and this is natural, and might you disagree with the idea. But what if, your friend tells you the advantages of buying used car, Surely you will agree with idea and will make your dream true by buying a used car.
Buying a used car saves your money:
We all very well aware about the fact that at the end of day money matters, and who will not want to save their money. If you are getting a used car with good conditions, features and technology at lower price, On average, used cars prices are almost 50% lower than new cars. So you can save your financing fees.
Depreciation period has occurred:
As soon as a new car is drive off to road, its cost value depreciate approximately 10%, it continues to depreciate with every passing month and year. So, buying a used car gives you benefit of not bearing the depreciation costs as the car has already passed those years.
No Exaggerated fees:
Purchasing a new car may be more exciting but the hidden or rubbish charges such as shipping charges, destination charges, and dealer charges may do your mood off. A used car has no hidden charges and fees. If there may be some doc fee than it will be matter of few dollars.
Lower Customization Costs:
You don’t have to settle for expensive dealership add-ons while buying a used car. You may install your own at a lower cost than on a new car. Best way to spend the money you saved when buying a used car.
Certified and Thoroughly Inspected:
Buying a used car ensures you that your deal is worthy as you get a certified and thoroughly inspected car.Certified Pre-Owned vehicles have been inspected, refurbished, and certified by the manufacturer or other certifying authority, assuring the vehicle is high quality. They often have an extended warranty, special financing and other benefits. New cars simply hold the assurance that they are new.
Many used cars still have their original warranty, or if not they have options to create a new warranty. An extended manufacturer warranty on a used car can provide factory trained technicians to repair your car with quality parts and speedy service. Plus, you can utilize a portion of your savings from NOT buying a new car and have a warranty that covers everything until 100,000 miles or more.
Lower insurance premium:
If unfortunately, you met with an accident with your new car, the insurance will pay for what the car is worth at that time, leaving a gap between the purchase price and what the vehicle is worth. Insurance gap will cover the difference between what you paid for a new vehicle and what its depreciated value is, but it will raise your insurance premium. Gap insurance isn’t necessary with a used car as the depreciation has already occurred.
Lower Registration fees:
Advantages of buying used car: In most states, the rate of annual registration fee is based on car’s value and its model year. Generally, the rate is highest in the first three years, and then levels off after five years. You can save about a thousand dollars by avoiding new and annual registration fees by buying a car that’s at least three years old
Better for the Environment:
Almost a quarter of the carbon dioxide a vehicle produces during its life-cycle occurs during manufacturing and initial shipment. Buying a used car reduces the carbon dioxide output into the environment. Used cars also impact the environment less than newer, hybrid vehicles. Hybrid vehicles use lithium-ion, lead-acid, or nickel-metal hydride batteries that have a much larger environmental impact than a used car due to the toxic waste left behind by batteries and acid. You must get agree with the idea of purchasing a used car is really a worthy deal. Consider purchasing a used vehicle and take all these advantages.