Buying a car isn’t always easy. You may find yourself overwhelmed by all of the choices that you have available. Not only can you choose from different makes and models, but you can also choose from many special options that you may want (or have to think about).
However, one of the biggest decisions to make is whether or not you want to buy a brand new car or a used one.
Here are some reasons to buy a used car.
Unfortunately, cars depreciate in value (rather quickly). In fact, many people believe that they lose up to half of their value in the first few years. What does this mean? It means that your brand new vehicle won’t be worth nearly as much as you paid for it, in just a few years.
The only good news for depreciation is that, when you decide to buy used, you can find a car that is much cheaper (and easier to afford). Many cars are only a few thousand dollars instead of the tens of thousands that they would have been if they were brand new.
Just think about the difference in your monthly payments if your new car was only five thousand instead of twenty or thirty thousand. It will fit into your budget or you could pay it off sooner than expected!
Just like buying a used car is cheaper, it can also be more affordable when you look at the long run. Your insurance will be much cheaper on a car that is worth less than a brand new one. In fact, you may be able to pay it yearly, which makes it even more affordable. Monthly payments cost you more because they are more convenient. You can be charged up to 15% extra over the year for insurance of you pay by the month!
May have a warranty.
Many people buy new because they like the idea of having a warranty, just in case anything goes wrong. This can really protect them as their car ages.
Luckily for many shoppers, more and more dealerships are offering vehicles that are Certified Pre-Owned. If done right, you may be able to buy a warranty with your used vehicle, though it often depends on where you buy your next car. Some warranties are better than others, so it is important to read the fine print. Your vehicle may have a lot of protection if it is pretty new or you might not get much at all.
Many people believe that older cars are made better than the ones today. Many cars from the eighties and nineties still work well (and look decent). For this reason (and this reason alone), many people prefer to buy older cars that are well made and were built to last!
Many people prefer to buy older cars because they are more affordable. Not everyone wants to have a huge car repayment to be made every month when a smaller one will do. They may also notice that their car insurance doesn’t cost as much for a used car as it would with a brand new one!
With more and more dealerships offering certified pre-owned vehicles, buying a used car may be your perfect solution to your new car needs. If you are looking to purchase a car, then look to the team at Ezilend for your car finance needs. Contact our friendly team today and get your loan pre-approved so you can haggle with the dealer and get a great deal.