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Why you should buy a used car

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Why you should buy a used car

Buying a car is an exciting time for anyone. Whether you are a new driver or a dab hand at using a steering wheel, deciding on whether or not you should choose a new or used car can prove to be a hard choice to make. Below are some reasons outlining why a used car may be the better option for your needs.

 

Depreciation is minimised

You have found the perfect used Audi for sale but are unsure of whether or not the value will go down over the years. One perk of buying a used car is that the depreciation rate decreases significantly in comparison to a new car.

Many new cars depreciate in value by up to twenty percent, and this is only when they are driven off of the showroom floor. After the second year of owning a car, the depreciation rate lessens, meaning that a two to five-year-old car will have significantly less depreciation. This makes buying a used car the most cost-effective way to own a car.

 

You will save money

Buying used saves you money, it is a simple fact. A new car may not have any previous owners and may be attractive because of the up-to-date features, but unless you have the budget for it, a new car is often out of the question.

A used car will cost you less than a new option, and due to its age, it will depreciate slower too. The insurance costs, sales costs and other expenses will also be lower, saving you more money in the long run. B sure to keep an eye on your car as the maintenance costs can be higher in older models with outdated parts.

 

Sustainability

If you are an environmentally friendly person, buying a used car should be a no-brainer. The car manufacturing industry has a significant impact on the environment, and so buying a used car is a sustainable way to get from point A to point B.

Your used car has already passed through the manufacturing process, contributing much less to your carbon footprint. A new Hybrid car may seem like the ideal choice, but some of them are much worse for the environment. Their  batteries which are made from lithium-ion, lead-acid or Nickel-Metal Hydride are harmful to the environment.

 

Used cars are dependable

More often than not, a used car is dependable. They have lasted their previous owners for years and with the right maintenance and care, can last you the same. A new car may come with a plethora of exciting features and electronics, but if one of these breaks, you will have to pay exorbitant amounts to fix it.

Buying a used car does not mean you have to compromise on quality in order to have a dependable vehicle. Many models from 2011 onwards are highly luxurious and are equipped with all the mod cons a driver could possibly need, at a much more affordable price. Buying a certified pre-owned car also means that they have been better taken care of and are more reliable.

 

Finance is favourable

If you are opting to buy your car with finance, you will find that many used car dealerships offer attractive financing options for their vehicles. Banks also offer reasonable interest rates for a client who is looking to buy a used or certified pre-owned vehicle, so you may end up paying far less than you expected on monthly rates.

Used cars are often seen as high-risk purchases, but if you deal with a reputable dealership or bank when taking out finance, you will have little to no risk involved. New cars are pricey and often the retailer or manufacturer has strict stipulations about finance in their terms and conditions, making them difficult to purchase on a loan.

 

Final verdict

One thing to remember is that while your car may be ‘pre-loved’, it is new to you and will always be a significant asset to have. Buying a used car will save you money upfront and expenses over time, as well as being friendlier to the environment. It is an investment that will keep on giving, and if you maintain it and care for it with diligence, it will last you for years to come.

 

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