Your gaze has been pulled to a gleaming new car. Television advertisements draw you into a showroom to see that gleaming new automobile. Is, on the other hand, a new automobile useful to you? Sure, it comes with all the bells and whistles, as well as a tempting financing option, but what other alternatives do you have? Cars that have been used!
There are a variety of reasons to buy a used car, and sure, this is blatant self-promotion to encourage you to read this blog of ours. Purchasing a used automobile may save you money, offer you the same level of happiness as purchasing a new car, and provide you with reliable transportation for many years.
- Purchasing a used car saves you money
The average price of a used car is roughly half that of a new one! You will be capable of paying off a used car sooner, saving money on financing costs. Consumers switch cars every six years on average, so if you spend $10,000 on a used car instead of $20,000 on a new one, you could upgrade to a better car or purchase another $10,000 car, thereby generating your own two-for-one deal!
- There are no exorbitant fees
A new automobile purchase may appear to be a good one, but many new cars come with hidden or outrageous expenses including shipping, destination fees, and “dealer preparation.” Hidden advertising expenses of up to $1,000 can be found in certain new car pricing! Although there are usually no hidden fees with a used automobile, you may be charged a “doc fee,” which may be several hundred dollars.
- The majority of depreciation has already happened
Consumers gripe about how rapidly a new automobile depreciates after it is driven off the lot. A new vehicle’s value might decline by 11% on the way home, meaning your $20,000 vehicle is only worth $17,800 after it leaves the lot. Weeks, months, and years go by, and the car continues to lose value. The majority of depreciation has already happened with used cars. Some used cars may even grow in value!
- Certified and inspected to the greatest degree possible
Used car consumers can trust Certified Pre-Owned automobiles to deliver a high-quality, thoroughly tested vehicle that is also a good deal. The manufacturer or another certifying organization has examined, restored, and Certified Pre-Owned vehicles, ensuring that they are of excellent quality. Extended warranties, special financing, and other incentives are frequently available with certified pre-owned automobiles. New automobiles just have the benefit of being brand new.
- Reduced customization fees
When buying a used car, you don’t have to accept high-priced dealer add-ons. You may save money by installing your own instead of buying a new automobile. What a fantastic method to use the money you saved on a used automobile.
- Lower insurance premiums
If you have an accident with your new car, your insurance will only cover the current value of the vehicle, leaving a gap between the purchase price and the current value. In this case, gap insurance comes in helpful. Gap insurance will cover the difference between the purchase of a new automobile and its depreciated value, but it will raise your insurance premiums. Gap insurance isn’t necessary when buying а used car because depreciation has already happened.
- Environment friendly
Throughout the production and first transportation of a vehicle, over a quarter of the carbon dioxide produced during its lifetime is released. Purchasing an old automobile minimizes the amount of carbon dioxide released into the atmosphere. Used cars have a lower environmental effect when compared to modern hybrid cars. Because of the hazardous waste left behind by batteries and acid, hybrid cars have a considerably greater environmental effect than used cars.
On some used cars, parts of the original warranty are still valid. Other used cars might be able to get a new warranty. An extended manufacturer warranty on a used car might allow factory-trained technicians to repair your vehicle with high-quality parts and speedy service. You may also invest part of the money you saved by not purchasing a new car toward a warranty that covers everything up to 100,000 miles. What current car can claim to have such a feature?
- Reduced annual registration fees
The rate of your annual registration cost is determined by the worth of your automobile and its model year in most jurisdictions. The rate is often greatest in the first three years, then leveling off after five years. Purchasing a car that is at least three years old will save you about $1,000 in new and annual registration fees.
Consider buying a used automobile from Drive Off Auto Sales if you can’t decide between new and used vehicles. Drive Off Auto Sales provides many of the benefits described above, as well as the extra benefit of helping people in need.