8 Reasons Why You Should Buy a Used Car
Buying a car is an exciting and fun process, but it can be an expensive one if you buy it new. Buying used cars offers consumers a ton of benefits that new cars can’t. Let’s explore eight great reasons that you should buy a used car instead of a new one.
More Options to Choose From
Have you ever wanted to drive a convertible, or maybe an SUV, or a little roadster? When you buy used cars you have a wide array of options when it comes to make and model. There are only a handful of new models from each manufacturer every year, but buying a used car is like opening a catalog of all the greatest hits. The car of your dreams may be one that is no longer manufactured like the recently decommissioned, iconic VW Bug. Buying used cars gives consumers far more options on make and model.
They Cost a Lot Less
The overall price point for a lot of used cars is a great advantage in itself. Plus, since the costs to buy used cars are so low you have more options in terms of what kind of car you can afford. Used cars offer great value. They provide the invaluable service of mobility and transportation, but they do so at a cost that you can afford. New cars cost a lot of money. We’ll see more ways that used cars help you save money further down our list, but the big way you save with used cars is in total cost.
Cars Go Longer
Auto manufacturers are making more durable and reliable cars every single year. That means that the used car market is full of great vehicles that have a ton of life still in them. Consumers can shop with more and more confidence every year as detailed used car histories and overall quality of used cars has improved over the years. You should still take a good look at a used car’s mileage and have an inspection, but the truth of the matter is that well-maintained used cars can run well over 200,000 miles or more!
Repairs Made Easy
A great reason to buy used cars is that repairs are generally cheaper. Why? A large number of aftermarket parts that are widely available, and a large community of DIY repair videos and maintenance tips online. With older models, there is a wealth of available knowledge about common repairs and issues, and you can get parts for cheap. New cars, on the other hand, need to be taken to a specialist at your dealership to be repaired and there are potential recalls. The fact of the matter is, there are less experience and knowledge around these new cars. That is not an issue for used car buyers.
Better Insurance Rates
What is the main factor in determining insurance rates for cars? The answer is their overall value. New cars cost a lot more than used cars. Therefore, insuring them is more expensive. Used car owners can save big on insurance rates. This is a major advantage because insurance fees can be costly. Used cars help you save on total price and also in insurance payments too!
New Cars Lose Value Fast
This is one of the hard truths about buying new cars. They lose their value at a rapid rate. After a few years time, the car you bought won’t be worth anywhere near how much you paid for it. This is a lot of money to lose so quickly. If you buy used cars, you don’t have this issue. Used cars have already depreciated considerably, and while they will continue to depreciate the rapid loss of value that is experienced in the car’s first few years of life has slowed down.
Certified Pre-Owned Options are Abundant
Almost everywhere you go to buy a used car will have certified pre-owned options. These cars have been rigorously tested, inspected, and have extremely detailed history reports. It is often said that buying certified pre-owned cars is like buying a new car at the price of a used car. These used cars often have very little mileage on them, come with a manufacturer or dealership warranty, and are only a few years old at most. With such competitive options available to consumers why would anyone buy a new car?
Know What to Expect
Used cars offer the consumer more knowledge going into a sale. Tools like KBB accurately pinpoint the prices for all models of used cars. When you are buying a used car you have the tools to know exactly whether the price you are paying is fair, high, or low. With vast resources of knowledge available to consumers on every single make and model of used car, everyone can be an expert and make sure they are getting the perfect used car for their life and budget.