Advantages of Buying a Used Car
As an enthusiastic car lover, you are always tempted to buy the next big flashy car. You get swayed by its charm and magic that you fail to prioritize your financial budget. It might be shiny for you, but it does not fit your budget. Do you want to burden yourself with unpleasant debts and expenses? What if we tell you that you can get the same benefits and utilities at a lower cost? Does it sound like a good deal? Used cars are another great option. Purchasing a used car will protect you from a lot of inconveniences and save you a lot of money. Keep reading this blog by the Carstairs Auto Sales dealership in Olympia, WA, to learn more about the advantages of buying a used car.
Top Reasons to Buy a Used Car Over New One
- It saves you a lot of money. The prices of used cars are usually 50% lower than the new cars of the same make and model. So, opting to buy a used car will not overburden you financially. You will be able to enjoy all the advantages of having a vehicle without burning a massive hole in your pocket every month.
- A new car depreciates at a much faster rate than a used car. The maximum value is lost in the first three years of owning a new car. Post that, the rate of depreciation decreases. With used cars, the bulk of the depreciation has already occurred.
- Most new cars come with many hidden fees, such as shipping charges and destination fees. A used car generally has no such exaggerated fees.
- The value of a used car is considered less than the new ones by the insurance companies. So, a used car has a lower insurance premium. Also, a used car has lower annual registration fees.
- The fee is usually the maximum in the first three years of buying a new car. Post that, the value starts depleting. Keeping this in mind, if you purchase a vehicle that is minimum of three years old, you will have to pay lower annual registration fee.
So, keeping the above pointers in mind, buying a used car over a new one would definitely be a wiser choice.
If you are in the market for a reliable pre-owned car with a solid engine, please visit us at the Carstairs Auto Sales dealership in Olympia, WA, explore our inventory and schedule a test drive.