Buying a brand new vehicle or a used one can be a tough decision to make. Though new cars come with attractive tech features, smell better, are more stylish and may have lower interest rates, the initial cost may be too high. Discussed below is an outline of some information about used cars that might be of help when you want to purchase a pre-owned vehicle.
One, pre-owned vehicles are much cheaper. The value of a new car drops once it is taken out of the showroom and driven around. On average it will be worth 54% of the original price after three years only. Well this is bad Therefore the average cost of a second-hand car is below that of a new model and that’s not all. In addition to this, you will end up paying less on taxes and the insurance too. It’s important however to consider mileage and warranty issue because it will affect the cost of maintaining the vehicle.
Another concern is financing terms and rates. For brand new models, there are financing deals which are attractive. But do not forget to do some mathematical considerations. The growth of certified programs on pre-owned goods has almost bridged the gap. These companies offer lower rates and additional warranty as well as extensive car inspections. Since there are so many attractive financing options for used cars, the advantage of purchasing brand new cars is continually waning.
Another thing is the history reports of the vehicles. You may hesitate to buy a used car since you don’t know where it has been or other security reasons. However, there is no need to worry since there ar tools in the market to help you get a transparent report like CarProof. Thus you are able to get a clear insight into what you are realy getting into. In as much as the history report doesn’t delve into the nitty gritty, it offers you the main information needed to settle your doubts. These include, how many owners previously involved, detailed accident or damage history, previous status of registration, mileage and distance validation records, maintenance records etc.
Reliability is another concern. Sometimes you think it may be risky buying a used car due to reliability concerns. Several studies show that the average car on the road is over a decade old and the number keeps going up as manufacturers work hard to enhance their line-ups. If you are looking for a used car, you should know that trucks, modern cars, and SUVs have a longer lifespan.
Sure thing that the prospect of buying a new car that hasn’t been used before is great but it’s also true that pre-owned vehicles offer a better value.