Investing in a car is an excellent decision. That's because you won't have to rely on public transport, not to mention you will enjoy more comfort and convenience. You can even go on a road trip whenever you want.
As such, if you are considering buying a car, you will have to choose between buying a new or used vehicle. Read on to find out why the latter is the best option.
No Need to Worry About Depreciation
You might be surprised to learn that a new car can lose up to 11% of its value the moment you drive it off the parking lot. This means that you can lose about $3,300 after buying an automobile worth $30,000. That's a big loss considering that it happens the same day of purchase. As if that's not enough, the new car will continue to depreciate as months go by.
The good news is that a used vehicle has already passed the high depreciation phase. This means you won't have to worry about high depreciation, making this purchase a worthy investment.
Saves You Money
The fact that used vehicles are cheaper than their brand new counterparts explains why many people like them. Buying a used car means that you can easily purchase it in cash and avoid debts. Even if you were to buy it on loan, it doesn't take long before you pay off the outstanding amount. As a result, you will maintain a good credit score, a big advantage if you want to acquire other assets in the future.
What's more, purchasing a used vehicle from a trusted auto dealer means you won't incur extra charges such as shipping fees. All these factors combined will help you save a considerable amount of money to cater to other expenses such as car insurance.
In most cases, a used automobile comes with discounted premiums. Remember that the value of an automobile is a major determinant of insurance premiums. By accessing lower premiums, there's no doubt that car ownership will be an enjoyable experience.
Eco-Friendly Option
Manufacturing a new car requires sourcing new raw materials that usually involve the mining of fresh metal ores. The metal mining and refining process emit greenhouse gases that cause global warming. Now that sourcing for a used vehicle doesn't involve any metal ore mining, it's easy to see how using a used vehicle benefits the environment if it is in good conditions.
With the above information in mind, you now understand why a used vehicle is an investment that never disappoints. Don't forget that the only surefire way to enjoy the above benefits is by working with a competent auto dealer. Contact an auto dealer for more information about used vehicles.
Share26 May 2021
After going to my first auto auction, I became very interested in how dealers select the cars they're going to put on their lots. I spent a lot of time talking with local dealers, auction regulars, and others in the industry to learn the behind-the-scenes secrets to picking out the perfect auction cars and getting them lot-ready. I created this site to help others understand what goes into the process in the hopes that it would help car buyers understand what they're looking at when they hit the car lot. I hope the information here helps you better prepare for buying your next car.