Who doesn’t love a new car? They are up to date with technology, they look slick and shiny, and it can really appeal. But is getting a new car going to be the right thing for you? There are a number of great things about getting a car from new, especially if there is a finance option with it that will work well for you. But are there some other things to think about? How about getting a used car instead?
There are a number of reasons to purchase a used car instead of a new one, much like the preloved inventory that you can find at sites like https://www.baysidecdjrmd.com/. When you buy a car that is used, you can easily save money, but in many ways, it can still help to give you the satisfaction that comes with a new car. Preloved cars still work well, and they can provide you years and years of transport, which ultimately is what it is all about. Here are some other reasons to buy second hand; are you a fan of buying used?
BUYING A USED CAR WILL HELP TO SAVE YOU MONEY
Unfortunately for car owners, they are one of the things that we can own that depreciates the most. So when you buy a new car, more often than not, the value of the car can depreciate by half in the first year alone. So if you are buying second hand, even just a car that is one year old, then you will get much more value for your money.
When you look to buy a car second hand, then this is important to remember. You will be able to pay less for a used car, which will mean that you won’t need as much money in the first place, or will be able to pay off your car through financing much more quickly, simply because there will be less to pay.
You will also help to save money on things like insurance too. When you own a more expensive vehicle, then it will cost you a lot more to get things up and running. To insure it, you will be more of a risk to the insurer because it would cost them more if you made a claim on a brand new car. So insurance will be much cheaper on a used car, due to the reduced value of the car. So you can save money from that point of view as well.
NO EXTRA FEES ASSOCIATED WITH A USED CAR
When you look at a new car, then it might look really good, but there are a lot of vehicles that can have some hidden fees like shipping charges and other fees. Some new car prices will also include things like advertising fees, as well as the options for add-ons like a navigating system, for example, as seen here: https://www.truecar.com/. When you have a used car, it will come as it is, and there aren’t any options for expensive add-ons. So from that point of view you can save money and not face any unexpected fees.
CERTIFIED AND THOROUGHLY INSPECTED
When you have a pre-owned vehicle there will be certifications and inspections that will have already been done. So you will know that you are getting a quality vehicle that has been thoroughly inspected and it has been used and proven to work before you go ahead and use it. When you buy a certified pre-owned vehicle that has been inspected and refurbished, as well as being certified by the manufacturer, helping you to assure that the used vehicle that you are buying is of a high quality.
You can also get an extended warranty with some certified pre-owned vehicles which can be great, as well as some special financing and additional benefits that can come from choosing a used car. When you choose a new car you simply have the assurance from the manufacturer that the car is new, but that is that.
BETTER FOR THE ENVIRONMENT
There are a lot of processes that come with owning a vehicle. The crazy part is that nearly a quarter of the carbon dioxide that a vehicle produces throughout the life-cycle of the car, happens when the car is being made and shipped. When you buy a new car or order a new one to be made, then you are adding to that carbon dioxide output.
When you buy a used car, then you are doing your part to reduce that output that goes into the environment. Used cars can also impact the environment a little less than new hybrid vehicles. Hybrid vehicles, although use less fossil fuels, use batteries made from lithium-ion or nickel-metal hydride These do have a larger environmental impact than a used car would, because of the toxic waste that gets left behind by the batteries and the battery acid.
LOWER ANNUAL REGISTRATION FEES
In a lot of states, the rate of your annual registration fee will be based on the value of your car, as well as the kind of model that the car is. The highest rates that you will have to pay will be in the first three years of a vehicle’s life. The rates can level off after five years, so if you bought a car that is five years old or less, then it can mean automatically getting lower registration fees. So it is definitely something to consider and just shows another way that you can save money by buying a used car.
At the end of the day, it is up to you and your budget for what is going to work best for you. New cars can be great and can help you to get on the road quickly as everything is new and wear and tear won’t be as high. But as you can see, there are a number of benefits to buying a car that is second hand; is there anything else that you would add to the list?
Photo Credit: Lexus