Why Are Used Cars Better Than New Cars? Secrets Revealed

Buying a new car is the desire of a lot of people. Having your own personal car is convenient. The only problem is that sometimes your budget may not allow you to buy the brand new car of your dreams. This can prevent you from visiting a showroom. It leaves you with no choice but to buy a new, used car. 

What’s unknown to many is that used cars are very beneficial. One of the benefits is low rate depreciation. Many people argue that a new, used car breaks down very fast. But that’s not the case. 

Used cars are also cost-effective. So, buyers with a limited budget don’t have to worry about not being able to own a car. 

Several dealerships provide services for both used and brand new cars. Honda dealership Tampa is an example of such. It sells quality used cars, SUVs, and trucks. Potential customers can view the inventory in a virtual showroom. They are also allowed to apply for credit.

 

Used Cars Vs New Cars

Some people love the new car smell so they’d rather buy a new car, which is fine. But, while there are perks to buying a brand new car, there are many benefits that come with used cars. 

If you’re a new car fanatic and need more convincing about used cars, here are 8 used car benefits.

 1.   There’s a Lot of Data

Long gone are days when you’d have to consult your vehicle-savvy friend to inspect a car you want for possible faults. 

Every car comes with its set of data. That includes: 

●     The number of ownerships

●     History of previous accidents

●     The climate the car spent most of its time in 

It is easy and quick to locate used cars for sale in your local area these days for example by doing a search like ‘used cars wirral’ for example you can find dozens of possible choices at all price ranges, within seconds. Moreover, there are a lot of used car tools for pricing. As such, a buyer can easily know if it’s a good or bad deal. You can ensure the car is not overpriced by looking at its make, model, year, and history by following this link for Autozin, where you can easily compare and contrast a host of different models of cars to suit all budgets. 

Remember that every car comes with its history report. The vehicle history report will tell you if it has changed hands or endured accidents. The report will help you avoid buying a bad car.

 

2.   Depreciation

The value of a car depreciates with every passing mile. But, the sharpest decline happens right away. In some cases, the monetary value depreciates during the first year for new cars. 

There’s none to little depreciation when you buy a used car. Also, a buyer doesn’t have to worry about the first parking-lot dig or the rock chip in the paint. That’s because there’s a possibility the previous owner already took care of that for you.

 

3.   More Options for Your Budget

The depreciation factor works in your favor when shopping for a used car. Even if you’re considering a car that’s a few years older, the cost will be much cheaper compared to a brand new one. That means you’ll have a variety of options to fit your budget. 

For insurance, if a buyer has a budget of $14,000, there are just a handful of brand new options to choose from. But, there are lots of options in the used car market. There are many different brands and types of used cars.

 

4.   They Last a Long Time and You’ll Avoid Hidden Fees

Cars today last longer than they used to in the past. On average, a car can last up to around 12 years. Car manufacturers have taken amazing steps in pushing 100,000 miles to 200,000 miles. 

When buying a used car, you don’t need to worry about its potential remaining lifespan. With a proper look into its data, you’ll be able to know what one should expect from a new, used car. 

In terms of hidden fees, new cars are usually accompanied by hundreds of dollars worth of hidden fees. With used cars, buyers don’t have to worry about costs like shipping fees. But, ensure you read the fine print and find out about any extra fees when buying a used car.

 

5.   Lower Insurance Costs

Insurance companies always consider a car’s value when determining rates. The more valuable your car is, the more money it will cost to insure it. Logically, a used BMW will cost less to insure compared to a new one. That’s because of the depreciation in the car’s monetary value. 

A used car’s insurance is usually cheaper than that of a new car. That’s because used cars are cheaper for insurance companies to replace. 

As a buyer, you may not know the difference between your 2-year-old BMW and a brand new one. But you can be sure, your insurer will know!

 

6.   More Reviews and Support Online

When you buy a used car, it’s easy to find a lot of hands-on information about it on the internet. This includes reviews on platforms like YouTube. You’ll also find posts on Facebook groups and car forums. 

Reviews provide invaluable information about models that have been around for some time. You get to know about the common issues, worries, and how to troubleshoot problems.

7.   Certified Pre-Owned for Extra Peace of Mind

Sometimes buying a used car is risky when compared to a new one. A good example is the private sale of used cars. Potential car buyers prefer new cars because of the warranty that comes with them. But, certified pre-owned cars also come with warranties, yet they’re used. 

Certified Pre-Owned (CPO) cars provide excellent valuee. That’s a factor that’s sure to bring you extra peace of mind. CPO cars have been gently used and reconditioned. They also have a warranty backed by a manufacturer or dealership. 

These cars are also thoroughly inspected. That ensures that they’re mechanically sound and meet requirements such as mileage.

 

Final Take Away

Buying a used car has a lot of benefits.  A buyer only needs to conduct some research to know if they’re paying the right price. They also need to read a lot of reviews on the aspects of their preferred new, used car. 

Moreover, you don’t get to waste money on depreciation, just because you’ve driven something new off the lot.