Used Car Means Lesser Depreciation and Lower Price Tag |
Posted: August 27, 2018 |
Buying a used car can help you by saving quite an amount of cash, while offering the same quality of the car sure driving away in a new car has got its own stellar feeling that cannot be matched by anything else, but purchasing a new car can actually be a very expensive affair. And when the costs of owning the car kick in, then the continual expenses keep on piling and become an additional responsibility. On the other hand, buying a used car can help you by saving quite an amount of cash, while offering the same quality of the car. There are quite a lot of plus points of buying a used car, which can be the best option for you.
Used car means lesser depreciation and lower price tag – A new car loses its cash value by thousands of bucks, the moment you take it away from the showroom. This is one of the main reasons why people prefer to buy used cars. When you purchase a car that is about two years old, the value will drop though not at the same rate. This way you can avoid the big initial hit. Obviously, the price of the car will be lower than the brand new one.
No taxes for buying a used car – New cars mean that you have to state taxes. Many states levy a hefty amount of tax for the new vehicles, but not on the used models. The tax that the dealers have to add to the cost of a new car, on selling it, can be a large amount. So it is always better to do some homework about the state laws before you buy a car.
Features on used cars - When you purchase a used car, it is true that you may not get all the features that you had ever wanted, but you will certainly not have to pay extra for those features that you never asked for. On the other hand, it is can happen that you get certain features that you did want, that too by paying a much lesser amount than the original price of the then new car.
Low registration fees - In most states, the rate of the car registration fee depends on the value of the car and its model year. In some states it might decrease during the first few years after a car is built. The rate is generally highest during the first three years, and then it gradually levels off. In this way too, you can save quite an amount by purchasing a vehicle that is at least three years old.
Dealers’ fees – Dealers come up with various different fees for new car buyers like shipping charges, destination fees, dealer’s fees etc. These charges do you no good other than draining off money. But buying certified pre owned cars or from the private parties, does not entail these extra charges. You only pay for what is required, by negotiating which is simply not possible when you are buying a new car.
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