Buy A Used
Car Instead of New

Reasons to Buy a Used Car Instead of New

Being stuck in airports, you always end up buying perfume and sunglasses- Lexa Doig.
The moral? We enjoy buying; luxuries, accessories, necessities, mere wants. According to a report by the National Automobile Dealers Association, an average person in the US owns up to 13 cars in his lifetime with each car costing $30,000 on average.

Getting an auto in some centuries ago was viewed as a luxury, in our century it's a necessity. Even so, it should be noted an automobile is no investment. However, a conundrum that every car buyer faces when faced with the choice of buying a car - new or old? When purchasing a car, you are faced with a variety of choice. You have a lot of decisions to make; model, version, and the make-up of the car. Well, the type of decisions you make will determine where your finances lies in the next few years. While reading this article, you will receive the needed guide to help you decide the best for you.

Buying a used car can be tricky, because you've bought one earlier doesn't necessarily translate into successful buy on the other. Each car has a special history you should be aware before engaging in any transaction. Pay a mechanic to help get a good overview of the current state of the car. It is wiser to do so, it will save you fortune, believe me.

There are lot of positives from buying used cars. Biggest is the fact you will get extra value for your dollars while getting something very fair. Used cars have a lower purchasing price and with better overall value. Buying a new car has a price that may sound so out of the world. Someone else has taken the depreciation hit for you. In the nearest future, if you decide on selling the car you can still sell it for the same price you bought it. A win situation for you, isn't it?

With a lower value on purchasing, you'll have a good savings on your sales tax and insurance Premium. Although, you might have to spend on buying certain new features in the car, the overall cost doesn't sum up the cost of a new car.

All cars depreciate. A new car depreciated a whopping 15% the very minute you buy. A simple drive from the dealer's shop back home cost as much as thousands of dollars, if not hundreds of thousands. Used cars also depreciate but typically depreciated less after the first 3 years. Let's imagine you buy a new car for $60, 000 and decides to sell it 3 years. That car will have depreciated by $32, 352. Such a whopping sum. However, if you buy a 3-year-old car for $15,000 and decides to sell it. The car will depreciate by just $5,000. That sounds cooler and better.

In a volatile industry as the automobile production, engine and design alterations are always inevitable. With versions and models drifting away from initial designs, cars tend to develop more problems. Buy used and bypass that problem.