When it comes to finding your next ride, there are two primary options; investing in a brand new vehicle or purchasing a pre-loved car.
Even though there are several appealing benefits associated with investing in a new vehicle, the primary downfall is that new cars don’t come cheap. You can expect to part with a small fortune, even if you’re shopping around for a budget-friendly model.
So, if you’re skeptical of spending too much or don’t have that much saved in the bank, we’ve listed all the reasons you should consider buying a used car instead.
Used Cars Are More Affordable
Vehicles depreciate in value from the second they leave the showroom floor. Even if owners keep their cars in excellent condition over the years, the value will naturally plummet.
This is excellent news for anyone shopping around for a new ride because you can essentially find a modern vehicle for a fraction of the cost of the new model simply because it’s pre-owned.
Extended Warranties Are Available
One of the significant downfalls of buying a used car is that the manufacturer’s warranty has likely worn off; this means you’d need to afford the costs of major services and repairs out-of-pocket.
But you could also purchase an extended warranty for cars over 100k miles, which offers the same benefits as a manufacturer’s warranty, with added flexibility regarding repair garage choice and a few extra benefits like roadside assistance.
Wide Range Of Vehicles
In the past, it wasn’t so easy to find a selection of pre-loved vehicles to choose from at dealerships. And purchasing from private sellers has always been paired with risk.
But fortunately, this is genuinely no longer the case; most auto dealers have a wide range of used cars for sale. Moreover, you can also shop at used car dealerships to enjoy a broad spectrum of choices.
Certified And Inspected
Buying a pre-loved car from an auto dealer means you can be sure the vehicle is certified and inspected. You won’t need to worry about underlying faults and flaws, or even an accident history, because dealerships take pride in the vehicles they stock.
But with this, it’s essential to purchase a used car from a trustworthy auto dealer with a reputation for reliability.
Auto coverage is crucial whether you are buying a new or used car. However, there’s a common misconception rolling around that used cars come with a higher coverage premium; this is not the case.
Instead, you’ll likely pay a lower coverage premium than when buying the same model brand new. Because the vehicle is older, coverage will automatically be more pocket-friendly.
When buying a used car, creating a budget that includes all the relevant costs of owning a vehicle is essential. You’ll need to consider fuel consumption, coverage costs, potential repair needs, and costs of maintenance. It’s also wise to consider often overlooked costs, like registration and title fees. In addition, it’s also essential to test drive the vehicle before making a decision.