Benefits of buying a used car are numerous and attractive enough that many drivers all over the country decide to go in this direction rather than buying new when the time comes for them to make a purchase decision. There are a multitude of such reasons and buyers are compelled by all sorts of different things to go ahead and buy previously owned machines. You may be looking for a new car for seniors, your teenage children or yourself. Think about the benefits of buying used before you buy your next vehicle.
Pricing of Used Cars
Probably the biggest and clearest advantage that most people point out to explain their decision to buy a used vehicle instead of a new one has to do with simple economics. Let’s be honest: used cars cost less. Oftentimes, they cost a lot less, as a matter of fact. Even a car that’s only a year old or so can save you as much as 30 percent or more on the original MSRP for the vehicle.
Pricing for used automobiles is a huge reason why so many people decide to go in this direction. Rather than shell out all that money for their new dream car, they let someone else do it and then buy it from them a year later at a huge discount. This is a great way to keep expenses down if you can find the right vehicle and one that has been properly maintained.
Buying a Used Car Loaded
This leads right into another common reason for buying used: the fact that we can afford so much more for the money. If you go to the used car dealer with a certain price in mind, you might be able to spot a great high end sedan that’s totally loaded and featuring a roaring engine and premium surround sound. But at the new car lot, that same price will only get you a little four banger with no CD player even.
The fact that we can get so much more when we buy used is a very common motivation for making this decision. Often when someone is in love with a certain make and model, they will settle for a two year old version of it rather than buy a lesser car brand new, just to say they have that such and such brand car they’ve always wanted. There is a lot to be said for this reasoning, as long as the car you get is in good shape and has a clean title history.
Used Vehicle Auto Insurance
And on the theme of saving money, it goes without saying that used cars can save drivers a ton of money on their car insurance premiums as well. You could get quotes for that sports car you’ve always wanted and see that just the insurance on the thing would be about as much as you had in mind for the payment and insurance. But if you go used, a model that’s a couple years old might not be nearly as expensive to insure.
There are many different benefits of buying a used car rather than spending all the money to buy new. In the end, they all have some direct or indirect connection to your finances. You can get more for your money when you buy used. You can get a car that you can’t afford new when you buy used. You can insure a used car more easily as well. Overall, the advantages of buying a previously owned vehicle are definitely enough for drivers to at least give it some thoughtful consideration before they make a decision on what to buy.