Buying a new car sounds like the most wonderful thing for many people in the world. However, from a financial point of view, it makes more sense to buy a used car than to go for a new car. However, if you have the money to afford a new car, you should just go for it but you should be aware of the cost implications of owning a new car.
After all, the idea is to have a car that can serve you efficiently for your day to day needs and whether it is a new one or an old one, so long as you find something that will suit your needs that should just be fine. If you’re in the market shopping for a car and you’re torn between buying a new one and a used one, here are a few reasons why you should consider going for used cars.
Used cars will save you a lot of money
The first benefit that comes with buying used cars over new cars is that you will get to save a lot of money when you go for used cars. In most cases, the cost of a used car is nearly half that of a new car. And when you look deeply, sometimes the differences in the years of manufacture is very negligible to warrant spending more on a new car when you can get an equally good used car that will still serve you right. Therefore, if you’re on a budget and you want to get a good bargain for your cash, always consider going for used GMC pickups because they will be way cheaper than the new ones.
You won’t suffer from much depreciation
Did you know that you can lose almost 15% of the value of a new car by just driving in from the showroom to your home? The depreciation rate for new cars is significantly higher than those of used cars. It means that when you buy a new car, you’ll be losing a good chunk of its value in a very short time.
However, with used cars, the bulk of depreciation has already occurred and as a matter of fact, there are some brands of used cars that may appreciate in value when you buy them. Therefore, if you have intentions of disposing of the car at some point in future, go for used cars because it has already experienced a good chunk of its depreciation, and should you choose to get rid of it, you will do so at a very good rate.
Used cars don’t come with exaggerated fees
If you’re going for a new car, you may end up paying a lot of fees other than the actual cost of purchasing the car. This is because such cars normally come with a lot of exaggerated fees such as shipping cost, handling cost, insurance cost and very many other costs that just inflate the final cost of owning the car.
However, used cars will not have all these kinds of his. In most cases, you will find the used car in local dealerships and you won’t have to deal with any additional costs other than that of purchasing the car. Once you buy the car, you can comfortably drive it without worrying about it being shipped to a different state or country.
Certified and well inspected
When you buy a used car, you can always go for the certified pre-owned ones that you will be assured that it has a good history and it will serve it just as you desire. It means that used cars come with comprehensive records that will tell you so much about the vehicle’s history and as such, you can always know whether you are investing your money the right place or you are risking by buying a car whose history you don’t know.
With new cars, however, there is no history like this and you just buy the car hoping that what the manufacturer says about its performance and reliability will turn out to be true. In most cases, this is a gamble. Many are the times when you heard big companies recalling particular vehicles because of manufacturing defects. This is normally done on only for the new vehicles. However, used ones have history and you will know exactly what you will be buying into before you go ahead with the purchase.
Very good warranties
One thing you will admire about used cars are the extended warranties that some of them will come with. Some of the used cars have warranties on original parts and services. This means that when you buy the used car, you get an extended warranty which gives you access to company trained mechanics that will take care of your car should there be any problems. With the money you would have used to buy a new car, you can use part of it to extend the car’s warranty up to 100,000 miles and have peace of mind as far as care and maintenance is concerned. It’s very difficult to get this kind of warranty with new cars and if you care about proper care and maintenance of your vehicle, then you can always take advantage of these kinds of warranties.
A variety to choose from
Used cars won’t just give you the pleasure to buy a very good car at an affordable rate, but also it allows you a very huge variety for you to choose from. The models of new cars may be limited depending on what you want exactly. As such, it may not be easy to find the exact car that you want if it is a new one. However, with a used car, the variety is incredible and you can make your choices knowing that you will certainly get the guy you want. If you don’t want to spend a lot of time searching for a car, simply head to the used car yard and it won’t take you a long time before you find the car of your choice.