4 Reasons to Buy a Used Car
Buying a used car is a good idea mainly because it can save you money. So if you are on a budget, you may want to check out used cars with low mileage for sale in your area. Here are four good reasons to buy a used car.
Get More for your Money
You can find a good used car for a really good price. If a car has been taken care of, it can still look new and you may have some warranty left. Also, car makers usually don’t upgrade their models yearly, but every few years, so your car may look just like the latest model.
When you buy a new car, it depreciates as soon as you drive it off the lot and that can be in the thousands of dollars. During the first two years, it can depreciate as much as 30 percent. After the second year it levels out, so with a used car, there will be a slow rate of depreciation.
Lower Insurance Costs
This is a no-brainer because cheaper cars cost less to insure. Another point to consider is the cost of insurance after the car is paid for. If you are not making payments, you can drop the comprehensive insurance and just get liability.
Lower Registration Fees
Registration fees are based on the transaction price of the car. That means if you get a good deal, the registration fees will be even lower.