5 Reasons why buying a used car is a good idea
Thinking About Buying a Used Car?
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Buying a used car can be a smart move, especially if you're on a tight budget. Sometimes, people who buy used cars end up dealing with legal issues because the car was stolen in the past. To avoid getting caught up in something like that, it's a good idea to do a Revs Check on a used car before you buy it. This check can tell you if the car has any financial problems or if it's been written off. It's always better to be safe than sorry!
Here are five reasons why buying a used car is a good idea:
1. Lower cost and slower value drop
Used cars are usually cheaper than new ones. When you buy a new car, its value goes down quickly over time. For example, if you bought a new car last year, its value could drop by 25% after just one year, and by 50% after the next year
Cost savings: Many people choose to buy a used car because it's more affordable. You can save up to $1,000 on financing compared to buying a new car, which can be a significant amount of money saved.
2. Many used cars come with a warranty
A new car usually has a factory warranty for four years or 40,000 – 60,000 miles. When someone buys a used car, they can still benefit from the remaining years of the factory warranty. For example, if someone leases a car for two years, the buyer can still have two years left on the warranty. Additionally, the warranty of certified pre-owned vehicles can be extended based on the miles they've covered.
Furthermore, it's easier for used car buyers to manage financial fees and charges after the vehicle has depreciated in value over a year of use. This is a helpful advantage for those buying used cars.
3. You can check a used car's performance and history
It's not recommended to buy a used car directly from a dealer just because it looks nice and costs less. Used cars may have issues, but you can get a history report using the VIN (Vehicle Identification Number). This report gives you detailed information about the car's past.
You can research the car's performance, mileage, and reliability, and ask previous owners about their experience. You can also find reviews of the car at the dealership. With a VinVerify REVS check, you can predict how the car will perform in the future.
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4. There are many options when buying a used car
While hundreds of manufacturers release new cars each year, there are even more choices in the used car market. You can find three times as many quality used cars as new ones. If you can't find what you want in the new car market, you might find it in the used car market.
During the pandemic, the motor industry has shut down, making it hard to buy new cars. Yet, the used car market has grown by 25%, offering a wide range of options. You can find used cars with roof racks, sunroofs, carbon finishes, the latest technology, and a luxurious driving experience.
5. Used cars don't have hidden fees
Some people are tricked into buying a car because of a great deal in an advertisement. When they visit the store, they're hit with hidden fees like shipping, compliance, documentation, and processing fees, which can add up to hundreds of dollars. This isn't the case with used cars—all these fees are covered by the previous owner.
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It's important to decide carefully when shopping for a used car to ensure its long-term reliability and performance. If you don't know much about cars, take it to a trusted mechanic for inspection. There are many benefits to buying a used car, but the choice depends on your needs.
Don't forget to check $2 PPSR Check.
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