Are you in Rochester, NY and looking for a new car? Well, before you start visiting various car stores, you should consider looking into getting a used car. You may be skeptical about buying secondhand wheels for obvious reasons. Or, while you are open to such an idea, you still believe that getting a brand new one is a much better option because, for you, new always means gold. However, you also need to realize that not all used cars are bad cars. Some of them actually are great investments despite their being previously owned. Below are several good reasons to buy a used car:
It is a well-known fact that buying a new car is much more costly than purchasing a used one. A lot of financial institutions require down payments of at least 10 percent for a new-car loan. And, the less money you pay upfront, the higher the amount you pay monthly. Things are quite different in the case of used cars. On average, used cars are almost 50 percent cheaper than new cars. A quick look through car dealer pages, such as this website, will confirm this. Furthermore, a used car is much easier to pay off and can be paid off much faster as well, which is a great thing especially if you’re on a strict budget.
You have the option of getting a certified pre-owned car (CPO). Late-model and low-mileage cars are favored by manufacturers for their certification programs. CPO vehicles tend to be covered by a warranty that goes beyond the original factory warranty. Almost always, such kind of warranty includes the same features as a new-vehicle warranty. The advantage of buying a CPO car is that you can be sure you’re getting the best quality for your money. This way, you don’t have to worry about the difference in performance between a used car and a brand new one; the fact that it’s a CPO vehicle means you can be sure you’re getting nothing but the best deal.
From the moment you drive a new car off the dealership lot, its value immediately begins to drop. New mainstream vehicles lose at least 30 percent of their value in the first two years of ownership. That is a large amount of money that you will never get back. On the one hand, if you get a used car that is at least two to three years old, then the depreciation rate becomes much slower. The depreciation is so slow that many used car owners can drive their car for a year or two and sell it for nearly the same price it was originally purchased. Depending on the car you choose, the depreciation on a used car can be next to nothing.
Most used cars will still have part of their original warranty when you buy them, and, with other secondhand units, you may even have the option of creating a new warranty. The advantage is that an extended warranty on a used car means you can have the provision of factory-trained technicians who will repair your car should anything go wrong.
No Useless Add-ons
Additional dealer options are pretty unnecessary. They add superfluous add-ons, like a pinstripe, anti-rust coating, and other things that you can easily get for a much lower cost from an after-market installer. The worst part is that these changes don’t add to the car’s resale value. You may also select your used car based on the additional features that you specifically want, a sunroof or a navigation system for instance, and you’ll be paying way less than the owner did.
You Get To Avoid Dealers Fees
More often than not, dealers can hit new car buyers with so many fees, like shipping charges, destination fees, etc. If you buy a used car, you wouldn’t have to deal with all the unnecessary stress a dealer can bring you. All it is for you to do is to visit the DMV and pay tag, title, and registration fees – no extra dealer fees. Rather than be subjected to the stress of dealer fees, you can be more comfortable by purchasing a used car. Also, you have a better chance of negotiating a reasonable price when you are dealing with a private seller.
You may also like to know about Special Considerations When Buying a Pre-Owned Car
Getting a new car is an exciting idea but is it the smartest decision there is? Before you get a new car, take the time to think and calculate.
With used cars, you are most likely to gain the advantage of getting a much cheaper deal without sacrificing quality. You also get to reap awesome benefits like avoiding unnecessary add-ons and stressful dealer fees. That being said, purchasing a secondhand car is something you should consider if you’re currently mulling over what kind of car would best fit your needs and preferences, especially your budget.