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If you are a first time buyer and of course have newly got that driving license, I would suggest go for that pre-owned car. All because you can invest less in it, while you can go through your driving practices as well as get a good idea about the running and maintenance cost of a four wheeler. However, if that’s not the case still there is enough reason for you to choose a used car, here are some of the benefits.
Lower Insurance Costs
New cars usually come with hefty insurance rates, while used cars typically cost less to insure. That's true, even when the new car and used car are the same make and model. If you don't want to pay as much to insure your vehicle, it makes sense to go with something that is used. Keep in mind that you can lower your insurance rates even more if you can purchase the vehicle without taking out a loan. If you do that, you will only have to get liability insurance. That costs significantly less than full coverage does.
Low Depreciation
According to Consumer Reports, new cars depreciate about 47 percent within three years. This means that, if you buy a new car off the lot, it will only be worth about half the price you paid after a few years. Depreciation slows down a great deal when the car is four, five, and six years old. During those three years, cars only depreciate by about 24 percent. That's one reason why so many people buy used cars.
More Features for Less Money
New cars that are fully loaded are expensive. Because of that, people often forgo the bells and whistles when buying new. On the other hand, it's easy to find a used car that's full of features for a fraction of the price. If you like to have lots of extras but you don't have the funds for a new car, you can get what you want by buying a used vehicle. It doesn't have to be old, either. You can get a used car that's only a year or two old and still save a bundle.
A properly maintained used vehicle with service records is a real gem because any quirks or defects that might go unnoticed in a new car will have already revealed themselves and been corrected in a used car.
It’s an undisputed fact that today’s vehicles, unlike those made even 25 years ago, is truly built to last. It’s quite reasonable to expect, with proper maintenance, a vehicle to serve reliably after 200,000 km, 300,000 km or more.
However, there are certain things which you need to take into consideration before you pay for the keys. A buyers need to be vigilant and ask for a vehicle history report (dealers will often have this available for viewing), and have their own mechanic thoroughly inspect the vehicle prior to purchase. This inspection should not be confused with a safety certification inspection, which may be provided by the seller. Safety certification only means that a vehicle has met certain minimum standards. It is not a guarantee that it will not need substantial repairs shortly thereafter. Additionally, the mechanic issuing the safety has no obligation to disclose anything of concern unless it is specifically covered in the safety certification. Always have your own mechanic inspect the vehicle before you buy. Trying to save money by skipping this step can cost you dearly in the long run.
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