5 Reasons Why Used Cars Are A Better Value Compared To New Cars
If you are thinking about buying a new vehicle here are 5 of the most compelling reasons to buy a used car rather than a new car.
1. Used Cars Are Less Expensive
Used cars are far cheaper than new cars. The most important function of a car is to get you from point A to point B so why pay more for something that will essentially do the same thing.
2. Used Cars Hold Their Value Better
A car, used or new, will depreciate the older it is and the more it is used. However the minute you drive a new car of the lot it loses a significant portion of its value. This means if you go to sell your new car you will have already lost thousands of dollars. On the other hand, if you buy used, when you go to sell your car you will be able to get most of what you paid for it back.
3. Used Cars Are Greener
Hybrids are huge right now, partly because they are perceived as being eco-friendly, however the carbon footprint of building a Prius is so large that if you bought a huge gas guzzling Ford-150 truck used and drove it around for 4 years you would still have a smaller carbon footprint than the guy you who bought the new Prius. Its a lot like recycling.
4. Used Car Owners Pay Lower Insurance Premiums
Since used cars are generally far less expensive than new cars their monthly insurance premiums are far less as well. Saving on insurance costs each month can really add up. Over the course of the year if you saved $50 dollars a month on insurance you would save $600 dollars.
5. Lower Repair Costs
Car makers force part manufacturers into exclusive contracts that prevent them from selling the same parts that are used in their cars. These contracts usually last for around 5 years. After that time period you can typically find OEM replacement parts for significantly less than the name-brand car-part. These parts are 100% the same and can save you tons of money on repairs. - 2368
1. Used Cars Are Less Expensive
Used cars are far cheaper than new cars. The most important function of a car is to get you from point A to point B so why pay more for something that will essentially do the same thing.
2. Used Cars Hold Their Value Better
A car, used or new, will depreciate the older it is and the more it is used. However the minute you drive a new car of the lot it loses a significant portion of its value. This means if you go to sell your new car you will have already lost thousands of dollars. On the other hand, if you buy used, when you go to sell your car you will be able to get most of what you paid for it back.
3. Used Cars Are Greener
Hybrids are huge right now, partly because they are perceived as being eco-friendly, however the carbon footprint of building a Prius is so large that if you bought a huge gas guzzling Ford-150 truck used and drove it around for 4 years you would still have a smaller carbon footprint than the guy you who bought the new Prius. Its a lot like recycling.
4. Used Car Owners Pay Lower Insurance Premiums
Since used cars are generally far less expensive than new cars their monthly insurance premiums are far less as well. Saving on insurance costs each month can really add up. Over the course of the year if you saved $50 dollars a month on insurance you would save $600 dollars.
5. Lower Repair Costs
Car makers force part manufacturers into exclusive contracts that prevent them from selling the same parts that are used in their cars. These contracts usually last for around 5 years. After that time period you can typically find OEM replacement parts for significantly less than the name-brand car-part. These parts are 100% the same and can save you tons of money on repairs. - 2368
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For more useful used car information check out Local Used Car Auctions which has more car shopping tips as well as listings for Atlanta Used Cars Auctions
posted by Frank Potter at 12:56 AM
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