Advantages of buying a used car
New car vs Used car, which would be a better choice. If you are considering buying a car but have not decided as to whether to go for a brand new car or buying a second hand car for sale, here are some points to consider before plunging in.
1. The prices of brand new cars are very high nowadays and so are the depreciation or devaluation rate especially in the first few years. Two years down the road, a brand new car's value may be worth only half the original sale value. In contrast, if you are buying a used car, it would have past the high depreciation rate for the first few years and its value would not drop so drastically after that.
2. The savings that you get from buying a used car instead of a new one can be used to spend on car accessories like getting a better car rim, a new car stereo, tires etc or anything else to your liking. This way, you get to customise the look of your car the way you like it.
3. Insurance cost. New cars come with a high monthly insurance payment due mainly to the high cost of repair for new parts. As for used car, the blue book value is significantly less than a new car and hence insurance cost will be substantially less as well. Another savings for used car buyers.
Unless you are not cash tight, buying a used car is definitely a wiser choice considering the savings you get.
1. The prices of brand new cars are very high nowadays and so are the depreciation or devaluation rate especially in the first few years. Two years down the road, a brand new car's value may be worth only half the original sale value. In contrast, if you are buying a used car, it would have past the high depreciation rate for the first few years and its value would not drop so drastically after that.
2. The savings that you get from buying a used car instead of a new one can be used to spend on car accessories like getting a better car rim, a new car stereo, tires etc or anything else to your liking. This way, you get to customise the look of your car the way you like it.
3. Insurance cost. New cars come with a high monthly insurance payment due mainly to the high cost of repair for new parts. As for used car, the blue book value is significantly less than a new car and hence insurance cost will be substantially less as well. Another savings for used car buyers.
Unless you are not cash tight, buying a used car is definitely a wiser choice considering the savings you get.
posted by Lynn B. at
10:36 PM
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