We have to start by saying that buying a new car is always an interesting endeavor. You can quickly go to the dealership to get a brand new vehicle, but the question is why you should do it in the first place.
Of course, the new options come with numerous features and attractive financing options. On the other hand, we can consider innumerable reasons for finding a used vehicle instead of fresh.
The first reason is that you will be able to spend less money and get the same satisfaction as the new vehicle. At the same time, you will be able to enjoy quality transportation for years after purchase, which is another advantage you need to remember.
By reading this particular Honda City blog post, you will understand the benefits of owning a used car instead of a new one.
1.You Can Save Money in a Long Run
It is essential to mention that used cars are approximately 50% cheaper than new ones and that is a fact you need to remember. You will always be able to pay off the used car in a faster timeframe, and you do not have to pay for financing fees that come with the latest cars.
According to statistics, people tend to change vehicles in six years after purchase. Therefore, paying ten thousand dollars for a used car instead of twenty thousand for a new one will allow you to choose another vehicle in the future with ease.
2.Depreciation Will Start the Moment You Buy the New Car
Another problem that comes with new vehicles is the percentage of depreciation, which will start as soon as you turn it on. The general rule states that the value of the new car will fall by approximately 11% as soon as you drive it home.
Therefore, the vehicle you purchased for twenty thousand dollars will worth seventeen thousand the moment you drive it off a lot. In the further months, the depreciation will continue, which means that you will never be able to return the money you invested.
You should check here to learn the differences between used and new vehicles.
On the other hand, finding a used car means that the depreciation already happened. It means that you will be able to resell it afterward for the similar price you invested. At the same time, some used vehicles tend to gain value after a while, especially if the series is limited.
3.You Won’t Have To Pay Hefty Fees
Even though it seems interesting to purchase a new vehicle, primarily since most banks and other financial institutions will provide you loans or leasing deals.
However, new vehicles also come with hidden, expensive fees such as destination fees, shipping charges, dealer preparation, and many more.
Have in mind that new cars feature additional advertising fees that can reach an outrageous price up to a thousand dollars. On the other hand, buying the used car will not comprise hidden fees. It means that you can reduce the possibility of paying something you do not need.
The used cars come with doc fee, which is a few hundred dollars, but apart from that, you can rest assured.
When you choose a professional dealership, you will be able to add plenty of add-ons so that you can customize it per your preferences. At the same time, you can do it by yourself, which will have lower costs in general when compared with dealership prices.
In case you wish to avoid spending money on these customizations, you can do it yourself on used cars instead. The main problem is that the dealership will not allow you to change its appearance by yourself, especially if you have a leasing deal.
4.Thoroughly Inspected and Certified
You need to ensure that the used vehicle features certification that will allow you to determine its efficiency as well as other benefits that come with it.
At the same time, some of them are thoroughly inspected, which means that you will get into a safe car for a lower price than new ones.
Remember that certified vehicles were thoroughly inspected, certified, and refurbished by the manufacturer, which means that you will get a high-quality car. They also come with an extended warranty and numerous benefits such as exclusive financing deals.
Check out this link: https://www.allstate.com/blog/what-to-look-for-buying-used-car/ to learn everything about certified pre-owned regulations.
New cars do not have these certificates, because they are unique, which means that you will not have to pay for repairs shortly.
Even though you wish to find a used car, that does not mean you will not get a proper warranty deal similarly to new ones. Remember that other vehicles will provide you the ability to pay for an additional guarantee in case you want it.
One of the most popular choices is the extended manufacturer’s warranty deal so that you can repair the car as soon as something goes wrong.
You can take the money from the pile you saved by not buying a new car and pay for the warranty deal that will cover everything until you reach a hundred thousand miles.