Why Buy Used Cars?

Sure we'd all like to drive around behind the steering wheel of a brand spanking new ride, but that is not always possible or feasible. If you're a car buyer in the market for a car then used cars may be what you should be looking at.

Whether we want to admit it or not it is a fact of life that nearly everything we do today is somehow connected to our finances. Where we shop, what we eat and the clothes and shoes we wear all tell a story. Where driving is concerned it is no different, if we drive, and if we do drive what we drive, it all comes back to money. This is the biggest factor influencing the decision to buy a car, not how many miles the vehicle gives per gallon, not how beautiful the color is, or even whether the transmission is manual or automatic. That distinction goes to the cost of the car, and for this reason many persons are opting to purchase used cars these days as against new cars.

One of the costs that come with owning a car is the cost of insuring it. Barring cases such as classic cars, the cost of replacing a new car in the event of an accident will be more than that of an older model. As a result of this the insurance for used cars will usually be less, sometimes significantly so, than that for new cars.

Another factor people take into account in choosing between new and used cars is depreciation. It is estimated that a new car will lose between 20-30 percent of its value during the first two years of being owned. It may be considered fiscal prudence to forego this loss to the value of a new vehicle and just get a model that is two or three years older instead.

There is also the factor of the reliability of the cars produced these days. Whereas in years gone by used cars were considered junk, cars are now better constructed and a two-year-old car is still relatively new with a lot more miles left in it.

The matter of warranties is also taken into account in the decision to purchase a vehicle. In the past only new cars generally had warranties but that is no longer the case. An ever-increasing number of manufacturers are now offering extended warranties on certified used cars. This could come in handy one day down the road and save you a lot of money.

One of the reasons people were hesitant to purchase used cars in the past was the uncertainty surrounding such a purchase. This has, in large part, been eradicated and using a vehicle identification number (VIN) the history of the vehicle in question can be scrutinized. These days several companies sell reports such as these, which are quite comprehensive and give vital information.Carfax and Auto Check are two of the better-known vendors of these types of reports.

One more thing people in the market for cars may find influencing their decisions in purchasing used cars over new cars is the availability of great deals. If one can get a nice looking car in good condition with very low mileage it may be too good a deal to pass up.

There will still be a lot of people out there who want and will purchase new a car. There are a lot more however, who will exercise the option of used cars, and if the above factors are anything to go by, this trend will continue for some time to come.

People have many reasons to buy used cars in these days. One of them is depreciation. A new car will lose between 20-30 percent of its value during the first two years of being owned.

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