Why You Should Reconsider Buying A New Car
If you are thinking about buying a new vehicle here are 5 of the most compelling reasons to buy a used car rather than a new car.
1. Used Cars Cost Less
Since the point of a car is to get your from here to there, there is no reason to pay more for something that fundamentally will do the same thing. If you are on a budget look at what you need not what you want and you will realize that a new car is a mostly a status symbol.
2. Used Cars Hold Their Value Better
A car, used or new, will depreciate the older it is and the more it is used. However the minute you drive a new car of the lot it loses a significant portion of its value. This means if you go to sell your new car you will have already lost thousands of dollars. On the other hand, if you buy used, when you go to sell your car you will be able to get most of what you paid for it back.
3. Used Cars Are Greener
It takes a lot of resources and energy to produce a new vehicle. Buying used does not cause any additional harm to the environment. Remember that next time someone smugly tells you they are looking at the new Prius.
4. Lower Insurance Premiums for Used Car Owners
Since used cars are generally far less expensive than new cars their monthly insurance premiums are far less as well. Saving on insurance costs each month can really add up. Over the course of the year if you saved $50 dollars a month on insurance you would save $600 dollars.
5. Availability Of OEM Parts
After about 5 years most of the contracts car-makers have with part manufacturers what prevent them from selling the same parts they make for the car companies without the company label at deep discounts. That means that if you have a used car older than 5 years chances are if you need to replace a part it will be available form an OEM manufacturer for significant less than if you got it from a dealer.
Tags: Automotive, car advice, car buying advice, car buying tips, Cars, pre-owned cars, trucks, used car auctions, used car tips, used cars, Vehicles
