Why Buy Used Cars Instead Of New Ones
Posted: Monday, May 02, 2011
by Mike Reitz
Show Me Cool Cars
I was recently asked by a client why would anyone want to buy used cars and have someone else's problem.
And in answering my client's question I realized that this could be a huge benefit to many of you who have perhaps had the same question in the past.
So, I'll describe a few of the reasons why buying used cars can be one of the smartest things you do. You may be surprised to learn that the used car market has plenty to offer when looking for your next ride.
Used cars are built much better today than they were in the past and last a lot longer now. It used to be when a car had fifty thousand miles you started looking at replacing the engine and everything else on it. Today many cars are going well over 100,000 miles and more. Without having to worry about replacing the engine or transmission.
My daughter is driving a 2000 Jetta with over 215,000 miles. She only spends about $600 dollars a year for maintenance plus the regular oil changes. That's a pretty cheap car payment!
Used cars can offer you many years of good dependable service. There are plenty of good used cars today that can meet all of your wants and needs...at a great price.
Used Cars Have Slower Depreciation.
Everyone knows that a new car goes down in value like a rock. Some new cars can depreciate anywhere from 20% to 30% as soon as you drive it off the dealers lot. This quick depreciation, and the accelerated depreciation every year, can leave you owing much more on your car then what it is worth. Buying used cars can help keep the window of depreciation smaller than if you bought new. When you buy used cars someone else has already taken that big hit on the depreciation. As a used car gets older the depreciation is less every year.
Buying Used Cars Gets You More Car.
Used cars are cheaper than new cars, therefore you have a much bigger selection to choose from. Luxury and sports cars now enter the picture of possibilities to what you can afford. You may be able to have your dream car now, for a lot less than if you bought it new. A car that is one or two years old can be a real bargain because the loss of depreciation has already been taken by the previous owner.
Buying used cars can be daunting for the inexperienced. Do your research and homework so you don't end up with a lemon. If you still don't feel comfortable buying a used car, get someone you know and trust to help you.
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