10 Benefits of Buying a Used Car

If you consider the financial impact, a car purchase is a major life decision. You are paying good, hard earned money for a car and need to make sure you are getting your money’s worth out of this major purchase. The first choice you want to make is, whether you want a brand new car or a pre-owned car.

A brand new car surely comes with a feel-good factor. It smells good and looks absolutely stunning. But, did you know? A brand new car depreciates right after the moment it leaves the showroom. According to auto facts and trends, a new car depreciates 10% right at the moment it leaves the lot and 20% right after a year on the streets.

Looking at the car value depreciation the used car market is always more active in the United States, as compared to a new car market.

There are a lot of good reasons to select a used car, most of which involves saving money. This range of reasons ranges from the low price of the car, cheaper insurance to less depreciation on used cars. If chosen with caution a used car can be a very profitable deal.

If you are struggling to decide between buying a used car and a new car, we can help you.

Scroll down to see 10 benefits of buying a used car, it will help you decide why a used car might be a good option for you.

• Saves Money
• Lower Sales Tax
• Slower Depreciation
• Payless for Insurance
• No Exaggerated fees
• Lower Customized Cost
• Certified and thoroughly inspected
• Warranties
• Environment-friendly
• Lower annual registration fees

Saves Money

A used car’s price is nearly 50% less as compared to a new car of same make and model. You will be able to pay off the finances of a used car very easily, it will also save your per month financing fees. The U.S. statistics for car purchase shows that on an average a consumer switches cars in every six to seven years. If you are saving a good amount of money by purchasing a used car now, you could opt for a much better option for your next used car purchase.

If you are concerned about the safety issues of the used car you have your eyes on, don’t worry!!

You can get the authentic vehicle history report in detail on Vehicle Check USA. We provide you with some specific details by free VIN lookup. For a detailed report, you need to pay the minimum amount for the detailed report download. You can get the Vehicle History Report here.

Lower Sales Tax

Researching the sales tax for your specific state and country is very important. Many times buyers land up in a situation where they are asked to pay a big amount for the state sale tax. However, a used car buyer need not worry, as most state taxes are charged on the newly purchased vehicles, not on used cars.

Slower Depreciation

The bulk of depreciation in the used car has already occurred. Whereas, new cars decline 10% in their value right after the purchase. You can avoid such rapid depreciation on the cars by buying a slightly used car instead of going for a brand new vehicle.

There might be a problem finding a 1-year-old vehicle, but finding a 2-3-year-old car is not difficult at all. You can look for the odometer reading of the vehicle to be sure about its overall mileage and total distance travelled.

Remember, many used car dealers practice odometer fraud. Here is an article which will make you aware of various car scams and how you can avoid such scams while buying a used car.

Payless for Insurance

The cost of a used car is generally less because a used car’s worth is always less than that of a new one. As the market value of the used car is lower, the insurance level will always be lower compared to the new vehicles. You can also drop some of the less required coverages to drop the insurance premium even further.

No exaggerated fees

Many times newly purchased vehicle has high hidden fees such as destination fees, shipping fees, dealer’s add-on charges like dealer preparation, advertising fees.

On the other hand, a used car generally don’t have such fees, and if they do, you can negotiate all that down. The max you can be charged beyond the final deal amount is for the documentation fees. Documentation fees are nothing more than a few hundred dollars.

Lower Customization Cost

You are not bound to buy those expensive dealership add-ons if purchasing a used car. You can install whatever you like on your own or with the help of a local car mechanic. It will help you save a great amount of money.

Certified and thoroughly Inspected

A certified used car gives a surety to the used car buyer that they are getting the high-quality vehicle. Certified Pre-Owned vehicles are inspected, refurbished, and certified by the manufacturer or other certifying authority. This detailed inspection assures that the vehicle is of high quality.

Warranties

You should always check the warranty for a used car which you have selected. Many times some used cars still have the part of their original warranty or the option of creating a new warranty. This extended manufacturer’s warranty provided factory trained technicians to repair your car with quality parts and speedy services.  

Good for the environment

If you care about the environment, this is another reason you could consider a used car. Used car reduces the carbon dioxide output into the environment, as more than a quarter of carbon dioxide produced by a vehicle in its entire lifetime is during manufacturing and initial shipment.

Even if we compare the used cars with hybrid cars, used cars impact less on the environment compared to newer hybrid vehicles. The battery used in hybrid vehicles have lithium, or lead and acid, or nickel metal hydride which adversely impact the environment when they are being mined, or purified to be used in batteries.

Lower Annual Registration Fees

Mostly, the rate of your annual registration fee is based on your car’s value and it’s model year.

Generally, the rate of your annual registration fee is higher in the first three years, it levels off with passing years, mostly after 5 years. By selecting a car which is at least three years older, you can avoid the new and annual registration fees.