Nowadays, owing a car has become a necessity. Besides, if buying a new one is out of your budget, you can always checkout used cars. This is a simple and perfect solution. Besides, a used car doesn’t mean it is good for nothing. In fact, when you purchase a used car from a certified pre-owned car dealer, you usually get something which is as good as new.
Dealers like http://www.motorcloud.com have plenty of models to choose from, and thus it is possible to find exactly what you desire. If you are still not sure whether buying a used car makes sense for you or not, goes through the list of benefits of buying a used car mentioned below. By the end, you will be surely convinced with the idea of buying a second hand car.
Benefits of buying a used car:
- It saves you money
Well, obviously this is the first and the most important benefit of buying a used car. Usually, used car prices are 50% lower than that of new cars. Now, isn’t that just fascinating. On the other hand, you can think of buying a new car on lease, but in that case you will have to pay at least 10% down payment. If you don’t, you will end up paying a hefty monthly payment.
- No hidden charges
Sometimes there are great deals offered on new cars, but there are many hidden charges as well. You might have to pay shipping charges, dealer preparation cost, advertisement charges, etc. On the contrary, used cars have absolutely no hidden charges. The only extra amount that you will have to pay is a documentation fee, which is just a few hundred dollars.
- No major depreciation
The price you pay for a new car, drops immediately once you drive it out of the lot. Furthermore, you can expect the price to depreciate by at least 30% in the first two years. Now, if you buy a used car, which is almost 3 years old, you can avoid major depreciation.
- No customization cost
There are many expensive dealership add-ons which are almost compulsory to buy along with a new car. However, when you are buying a used car, you can customize it as and when you require, in your own way.
- Lesser Yearly Registration Fees
Annual registration fees are based on car’s value and model year. This means, the registration fee is highest in the first 2 to 3 years. Now, if you are purchasing a used car which is almost 3 to 5 years old, you save at least a thousand dollars on registration fee.
Buying a used car
Finding and buying a used car is quite easy nowadays. You have three options of doing so –
- Certified used car dealers
- Private sellers
- Used car auctions
Compared to the last two options, the first one is more reliable. Certified used car dealers inspect the car thoroughly and refurbish it. This means, you get the value for your money. Besides, they have a variety of options, and you can expect to find the exact model you want.
So, you see, buying a used car is not just beneficial, but it is super easy as well. If you are planning to buy one, we recommend you start looking today…