New vs Used: 6 Reasons to Consider Buying A Used Car Over New

If you need a vehicle fast, then you’re probably thinking about purchasing a new or a pre-owned vehicle. Most car experts would lean towards buying a pre-owned car depending on a person’s financial status. This is because pre-owned vehicles are much lower in price and are easier to maintain, so you won’t have to put a dent in your pocketbook. There are also six more reasons why purchasing a pre-owned vehicle is better than buying a new one and this is how to manage your car expenses in your budget.

Pre-owned Vehicles Have Moderate Depreciation

New cars lose the dollars in value once you drive them off the lot. A pre-owned car will depreciate, but not by much; this comes in handy when bargaining with a car dealer on the price. For example, a brand new 2016 Lexus IS 350 cost $49,000 before taxes. Now, the vehicle costs $30,000. Because pre-owned cars last longer and are in great condition these days, waiting just four years to buy it will save you $19,000.

You’ll Save Money

Buying a used car from companies similar to CarSmart of Jackson (www.carsmartofjackson.com) can save you a lot of money compared to purchasing a new one. Typically, pre-owned cars cost about 50% less, allowing you to pay off your loan much faster. Additionally, you avoid the extra financing fees that come with new vehicles. When you buy a new car, you can expect to spend between $20,000 and $30,000.

However, if you buy a pre-owned vehicle, you’re only going to spend $10,000 to $15,000, which saves you a lot of money and allows you to buy two cars instead of one. Plus, the choice for cars is pretty good too. You don’t have to worry about not getting the model you want, as there are plenty of dealers that sell all types of used cars. You can browse websites like Zemotor to find many options, so follow to see more used cars.

Smaller Registration Fees

The one benefit of having a pre-owned vehicle is that your annual registration fees are low. The cost of annual registration fees depends on the model and the value of your vehicle. For example, in some Colorado counties, the registration fees depend on the type of vehicle and the empty weight of the vehicle.

Pre-owned Cars are Still in Good Condition

Car manufacturers are now making their vehicles last longer than ten years. However, if you would like a pre-owned car that is about five years old, then there are plenty of pre-owned certified dealerships you can go to and not worry about the vehicle falling apart once you leave the lot. Most of the time, you can find used cars that are in excellent mechanical condition and free of scratches or dents. Additionally, many certified pre-owned vehicles come with extended warranties and other benefits, giving you peace of mind and added protection for your purchase. This can make buying a pre-owned car a smart and economical choice for you.

Nonetheless, if your used car has minor scratches and swirl marks, don’t worry! You can always use a high-quality polish to remove them. And, for more noticeable scratches, using touch-up paint that matches your car’s color can make a huge difference. Additionally, to keep your car’s gloss and protect it from water and contaminants, you can consider taking it to an auto shop that offer services like ceramic coating woodstock ga, or elsewhere. This coating can provide an extra layer of protection and help retain your car’s charm for a long time.

Also, the fees are expensive for the first three years of owning a new car. Therefore, getting a used car will help you avoid spending and hundreds and even thousands of dollars on registration fees during the ownership of a vehicle.

Inexpensive Car Insurance

Not only do insurance companies base the price of a premium on your age, gender, and the zip code you live in, but it also takes into account the age of your vehicle. The newer the car, the more expensive its insurance premium will be. Also, if you get into an accident with your new car, expect the premium to skyrocket.

This is where owning a pre-owned vehicle can be advantageous. Because pre-owned cars have already depreciated, their insurance premiums are typically lower compared to new vehicles. So, if you are looking for affordable auto insurance in Red Deer or elsewhere for your used vehicle, then know that you can find one easily. Additionally, repair costs for pre-owned vehicles tend to be less expensive, both due to their lower value and the potential availability of less costly parts. This makes managing any necessary repairs or maintenance more budget-friendly.

You’ll Need and Use Your Warranty.

On average, new car buyers keep their cars between 6 to 8 years, then turn it into the dealer for a new one. This pattern does not allow the car buyer to use the warranty because with most new cars they are in perfect shape and need little maintenance.

However, if you purchase a pre-owned car, then you’re more than likely going to need the perks of owning a warranty. For example, one couple purchased a pre-owned truck and was able to extend the manufacturer’s warranty. A few months after their purchase, they needed a new part for their truck and were able to get it replaced by a quality factory technician without coming out of pocket for it because they had their warranty.