NUMBER OF REASONS WHY BUYING A USED CAR IS A GOOD IDEA
Table of Contents Less vehicle depreciation More reviews & support online You can test own a used car More bang for your buck
More options for your budget More peace of mind Part Of The Original Warranty May Remain On The Used Car Extended warranty protection
Less vehicle depreciation Vehicle depreciation is an unavoidable fact of driving, but a used vehicle depreciates much less than a new vehicle. When new cars are driven off the lot, they typically depreciate by almost 20%. Most cars will lose another 10% of their value in the first year. That is a 30% decrease in value during the first year of ownership. A used vehicle depreciates even more gradually over time than a new vehicle.
More reviews & support online When you buy a used car, you'll also have access to valuable of hands-on information about the vehicle on the internet, such as YouTube reviews and posts on car forums and Facebook groups. For older models, this information can be invaluable in focusing attention on common issues, concerns, and how to easily troubleshoot simple problems.
You can test own a used car You've probably heard of test driving a car, but have you ever considered test owning one? For good reason, it is gaining popularity. A quick test drive around the block with the salesperson yammering in your ear doesn't give you much information. In contrast, test driving means purchasing a car with the assurance that you can return it for a full refund within a few days if you change your mind.
More bang for your buck Another significant advantage of purchasing a used car is the ability to stretch your carbuying budget . If you want a luxury vehicle, you may not be able to afford the current model, but one that is two or three years old may be more affordable. It's also worth noting that carmakers are no longer redesigning their models every year, so the technological and aesthetic differences may be less noticeable.
More options for your budget When looking for used cars, the depreciation factor works in your favour. Even if you only look at vehicles a few years old, the prices will be significantly lower than if you only looked at brand new options. This means you'll have a much broader range of options to choose from to fit your budget.
More peace of mind Driving used cars used to carry a stigma, and many drivers saw it as a risk, but the availability of vehicle history reports has changed the nature. Drivers can now view information about a vehicle's ownership, accident history, title status, mileage, and more. Before you buy a used car, check out the history reports available on websites like Carfax and AutoCheck. Based on the vehicle identification number, or VIN, these reports provide a great deal of valuable information, such as mileage verification and whether the vehicle was ever declared a total loss by an insurance company.
Part Of The Original Warranty May Remain On The Used Car A warranty on your vehicle is always a good idea, and most new cars come with a three-year initial warranty. Although you can get an additional warranty on a used or certified pre-owned vehicle, there is a chance that it will still have some of its original warranty. This is a great bonus that comes with buying used cars that are only a few years old.
Extended warranty protection Factory warranties are easily transferred to new owners, but used car buyers can benefit from extended warranties even if the coverage has expired. This may not be an option in every case, but most dealerships provide a variety of warranty options for used vehicles, particularly Certified Pre-Owned vehicles. Purchasing a used car with an extended warranty is a great way to add some peace of mind to your purchase.
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