Used Car Advantages to Assist Buyers |
Posted: April 4, 2017 |
In this fast-paced world, transportation is a necessity and a private vehicle peppers in convenience and efficiency. A person planning to buy a car may choose between a new car and an old car. At first glance, a new car, with its new leather smell and waxed body, is the obvious choice. However, everyone does not have the luxury of fat pockets. People with tight budgets understandably go for used cars especially if they have to take the DMV registration renewal fees in consideration, too. To help a buyer make an informed choice, here are a few used car advantages that the buyer must researched on properly.
Used cars mean savings. As soon as a purchased new car drives off the dealer's lot, the buyer loses a substantial part of her investment, about 30%. This is called depreciation. Each year of use adds further loss of the car's value. It does not mean, however, that the vehicle has really lost its value since vehicles now are produced with improved engineering and better quality control. Their lifespan is now beyond ten years. So, buying a used car is more advantageous since the buyer does not incur depreciation upon purchase for it was already absorbed by the first owner. More importantly, used cars price is much lower than that of new cars. These used car advantages are also the result of occurrence of other features as discussed below. You can read the dmv website for information on registration of used cars just in case.
New car owners tend to take care of their cars religiously. So, when these are resold, cars are still almost as good as new. It is also common knowledge in the industry that used cars are mostly former new cars on lease well maintained by the dealership which leased them. Often, they are also repaired at the same dealership which provides quick access to the service records of the vehicle.
To be in sync with consumer demand, car manufacturers now are producing more reliable vehicles with longer-term warranty. Improved engineering has extended the reliability of cars until ten years. So, used cars are as reliable as the new cars. Warranties attached to new cars often have balance upon resale. This is transferable to the next owner at no cost.
This is another used car advantage. A thorough inspection of used cars will unravel other costs lurking behind that fender. It could mean maintenance costs and other repairs. If the buyer does not know these before clinching a deal, then he/she may offer to purchase at a higher price. The buyer can be burdened with unimaginable costs equivalent to or higher than acquisition cost after the purchase to make the car in almost perfect running condition. The focus of the dealer and its salesperson is to sell the car so it is the responsibility of the buyer to know fully the state of the vehicle. You could also check with the Department of Motor Vehicles to find out their regulations about used cars. As discussed above, it seems it is not only lower cost which tips the balance for used cars. Important things such as improved reliability, regular maintenance, fewer hidden costs and lower insurance rates are used car advantages that the buyer need to study well and know more about to come up with better decision in choosing the used car.
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