Buying a brand new vehicle or a used one can be a tough decision to make. New vehicles come with latest style, low interest rates, exciting tech features but when it comes to the budget it may not be the friendliest choice for you. This article will focus on giving you an insight on why choosing a second-hand car could work for you.
Pre-owned cars are less expensive. When a new car is taken out of the shop, its value definitely drops. It is estimated that on average, the value will be 54% of the price you originally bought it. That sucks! Thus buying a new car would definitely cost you more as compared to buying a pre-owned model. Moreover to insure a used car and the cost of taxes involved would be much cheaper. It’s important however to consider mileage and warranty issue because it will affect the cost of maintaining the vehicle.
Secondly comes in the financing rates and terms. For brand new models, there are financing deals which are attractive. You should not forget to do the math regardless. Besides there are programs that have helped bridge the gap. These companies offer lower rates and additional warranty as well as extensive car inspections. This explains why the benefit of purchasing a new model has continually faded since there exist special and lucrative financing deals for used cars.
Another factor in play is the history report of the pre-owned vehicle. The fact that you may not know where a used car may have been or what it may have been through is an unsettling factor. However, there is no need to worry since there ar tools in the market to help you get a transparent report like CarProof. Thus you are able to get a clear insight into what you are realy getting into. The history report may not carry all the information you need but it also provides you with the necessary major information. The critical information you need includes; previous owner(s), accident history records, mileage and distance records, as well registration status.
Lastly the issue of reliability comes in. It is natural to feel unsure about the reliability of a pre-owned vehicle. It is quite settling to know that research has shown that your average car being driven out there is over a decade old, and this number will go up because companies keep on enhancing their models. Modern cars, SUVs, and trucks have a longer lifespan and that’s an advantage for you if you are looking to buy a used car.
Though buying a new car sounds like a great idea and has its prospects, it is also undeniable that buying a used vehicle offers a bigger advantage.