Reasons Why Buying a Used Car is a Wiser Option
While buying a brand-new car may be tempting for some, it may not be your smartest decision in the long run. One may look forward to use all the latest technology and safety features, however, it may not be a financially sound decision. Take a look at the following reasons to know why buying a used car is a wiser and better option:
- New Cars Depreciate Immediately
New cars can lose up to 30% of their value within the first year. Its true that these days, new cars last much longer than they used to before. However, once you take your car out, it goes down in value.
If you are someone who has borrowed money to make this luxurious purchase then think of yourself actually making payments for a car (including interest), that’s losing 30% of its value, not a pretty good deal eh? No matter how you think of it, buying a new car cannot be counted as a wise decision if you’re losing that much money so quickly.
- Not to Forget Used Car Variety
Hundreds of new car models go up to sale every year, however, the used car market holds even more variety. You can easily find your favorite car model in the used car market on a better price! E.g. if you are looking for a small pickup, that may be difficult to find in the new car market. But if you look up for used small pickups, then Ford Rangers or Old Toyotas can be seen everywhere.
- Certified Pre-Owned Cars!
A certified pre-owned car comes with a complete inspection that repairs any previous damage or worn parts, before the car is offered for sale. This minimizes the doubts and anxiety a buyer may have before buying a used car. In the used car market, you can always opt for certified pre-owned car and be sure that you are being offered a much higher level of protection and safety.
You can buy pre-inspected used Nissan Cars at amazing local prices from KAP Motors. Visit their site to check out more used car variety.
- Cut Down on Your Insurance & Registration Cost
The more value a car holds, the greater insurance companies will have to pay if the vehicle gets damaged. Therefore, insurance cost is another factor that should be kept in mind before purchasing new cars. A used vehicle, on the other hand, will cost less to replace as compared to a new vehicle. A used car, that has already depreciated after being used for 2 or 3 years, won’t cost as much to replace and therefore insurance cost wouldn’t be a problem for you.
Similarly, a used car that is two or more years older, will not drain your entire budget in registration charges.
Buying a used car may seem like a difficult choice to some, but if you look at it closely, buying a used car within your budget and being able to avoid all the unnecessary insurance and registration costs seems like a sound investment!