Autos Tips for The Average Joe

Reasons Why a Pre-Owned Car is the Better Choice

It is tough to make a decision whether to buy a new or pre-owned vehicle. New vehicles come with latest style, low interest rates, exciting tech features but when it comes to the budget it may not be the friendliest choice for you. This article will focus on giving you an insight on why choosing a second-hand car could work for you.

Pre-owned cars are less expensive. When a new car is taken out of the shop, its value definitely drops. It is estimated that on average, the value will be 54% of the price you originally bought it. Well this is bad So, in essence, the average price of a used car will be lower than that of a brand new model. Additionally, you will spend less on taxes and to insure the car is way more affordable. It’s however important to consider factors such as mileage and the remaining warranty since it will influence the maintenance budget.

Another concern is financing terms and rates. There are available and lucrative financing deals for new cars. You should not forget to do the math regardless. This gap has been bridged due to the availability of certified pre-owned vehicles companies. Certified pre-owned cars provide lower rates and a bonus for additional warranty and broad car inspections. Thus the advantage of new cars keeps waning due to the unique and attractive financing options that come with used cars.

Another factor in play is the history report of the pre-owned vehicle. It is only natural to feel uncertain about buying a used car since you may not be sure where it has been. Do not be in worry however since there is a way to rack the history report of the car you are interested in by using reliable tools like CarProof. This way you get to know exactly what it is that you are dealing with. In as much as the history report doesn’t delve into the nitty gritty, it offers you the main information needed to settle your doubts. The critical information you need includes; previous owner(s), accident history records, mileage and distance records, as well registration status.

Lastly the issue of reliability comes in. Sometimes you think it may be risky buying a used car due to reliability concerns. It serves well to know that several research studies have shown that the average car on the road is over 10 years old and the number keeps rising since the manufacturers are busy improving their line-ups. Vehicles like SUVs, trucks and modern models last longer so it’s beneficial if you are looking topurchase a prowned vehicle.

Sure thing that the prospect of buying a new car that hasn’t been used before is great but it’s also true that pre-owned vehicles offer a better value.

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