Many people could actually be opposed to buying used cars. Little do they know there are some benefits from doing so. Not because it’s second hand doesn’t mean that it is old, rusty, and damaged. There are far too many in the market now that might be used but are still in very good condition and they are commonly referred to as “slightly used cars”.
For better understanding, Total Car Collections - one of Melbourne’s leading car buyers - is here to give you the top reasons why purchasing a used car is a smart decision:
Lower Price Tag
This might probably be the biggest or even the only reason why some car buyers opt for the used ones. Well, it is just practical. If you really have that impending need for a means of transportation and your budget is limited, choosing to purchase a second hand car is wiser than stretching your limit just to buy a brand new one. Let’s say your budget can get you to buy one brand new luxury car, that amount of money is actually enough to buy you two used vehicles. More family members can now use the vehicles instead of overusing a single car, right?
Less Depreciation
You might have heard some car experts say that the moment your brand new car gets driven off your lot, it already loses its value. That is totally true. After 1-2 years from purchasing your brand new car, it can actually lose about 30-40% of its value already. To be perfectly clear: It doesn’t mean that when you buy a used car, it won’t depreciate. It still will. However, if you buy a car that’s about 2 or 3 years old, you won’t incur as much loss as compared to what the original owner had.
Avoid New Car Fees
Another really nice bonus you’ll get from buying a used car is that you could save yourself from those annoying fees that dealerships add to your car’s purchase price. We are talking about DMV registration, taxes, admin and processing fees, new car insurance policies, and more. We are talking about more savings for you as a wise car buyer. Of course, you would have to pay other fees from buying a second hand car, but it won’t be as much; especially if you’re dealing with a private car seller.
Wider Variety
People who are used to buying used cars enjoy this benefit the most. If you’re the type who’s really into limited edition models, well you most probably will have to look among the used cars available in the market. Let’s say you really want to buy a Mitsubishi Evo 8, they don’t have a brand new one of that model anymore. In addition, if you’re the type who’s really into customizing cars, buying a slightly-used one could give you more bang for your buck. There are more chances that the previous owner has already purchased some upgrades for that ride.
Giving you more room (and budget) to change and upgrade other parts. As opposed to brand new car models, only the prices will differ in various dealerships, but they’d all look the same. All you need to do is look around and scout until you find the car that has everything on your checklist.
Avail CPO Programs
This won’t apply if you buy the used car from a private buyer though. Many car brands now have Certified Pre-Owned Programs. Should you choose to buy a used car from the brand’s authorised dealer, you get to have more security and peace of mind. Only vehicles that have low mileage and no history of serious damage and issues get to be accepted in the CPO program. So you’re assured that you are getting a car that is as good as a brand new one.
Those vehicles are also covered by a warranty and are even available on special financing schemes, just like purchasing a new one. You are also eligible to receive roadside assistance and other perks from buying the used car from them.
Truly, nothing beats the smell and feel of a brand new car. But if you really want to be smart and practical about this purchase (which isn’t actually an investment by the way), consider getting a “second hand, slightly used, or like new used” car. The aforementioned benefits could most probably help you make that decision.
Now if you reckon that your used cars are now be tired, old, and most of the time broken, let Total Car Collections buy them from you. We are one of the trusted and reputable used car buyers and car wreckers in Melbourne. We pay top cash for cars regardless of their brand, make, model, and condition.
“I want to sell my car for me to buy a new and better one” -- Well, if you say this line to yourself very often, this is the right time to transact with us. Call us at 457 471 397 and we’ll be very happy to help you out.
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