Some people love the scent of a brand-new automobile. And while purchasing a new car undoubtedly has some advantages, the majority of people tend to believe that purchasing a used car has many advantages. Three out of four automobile buyers (of the 1,423 survey participants) believe they will typically purchase a luxury car as their next (or first) car.
Here are obvious and often overlooked reasons why purchasing a used automobile should be a no-brainer if you’re in the market for a new (or newer) vehicle and need additional persuasion.
These days, cars last longer.
On the sole basis of reliability, it might have made more sense a few decades ago than it does today to avoid buying a used car. Perhaps this explains why Uncle Frank keeps advising you to spend a lot of money on a brand-new car. Actually, modern vehicles and their components are more dependable than ever.
Upfront cost savings
The rate of depreciation then decreases. Therefore, you spend significantly less when you purchase a used car that is several years old because the prior owner has already paid the initial depreciation hit.
You may try buying a used car.
You won’t learn anything from a fast test drive around the block while the salesperson is yammering in your ear. Contrarily, test-driving allows you to purchase a vehicle with the assurance that, if you change your mind after a few days, you can return it for a full refund.
More affordable options.
The depreciation factor really benefits you when looking for used cars. This implies that you’ll have access to a much greater range of solutions to suit your budget.
You can look up a car’s history online.
Not knowing a car’s past is a common worry when purchasing a secondhand vehicle.
Cheaper auto insurance
Generally speaking, used car insurance is less expensive than new car insurance, although your specific prices and possibilities will vary depending on your location and vehicle.
Added warranty coverage.
Even though the coverage has ended, used car buyers can benefit from extended warranties because factory warranties are easily transferable to new owners. Although it might not always be a choice, most auto dealers running local promotions provide a range of warranty options for used automobiles, especially any of their Certified Pre-Owned models.
More online testimonials and support
When you purchase a used car, you’ll also have access to a wealth of first-hand information about the vehicle online, such as YouTube reviews and remarks on car forums and Facebook groups.