When the time comes to change vehicle, it can be hard to decide on whether or not to buy new or used. There are obvious benefits to buying new and it can be the best option for some, but more often than not it makes more sense to buy a used car. There are a number of benefits to buying a used car that every motorist should be aware of. There are also risks and drawbacks, but when you know how to navigate the used car market you can avoid these and find a high-quality vehicle. Keep reading to discover the main benefits of buying a used car.
- Lower Price
Obviously, you will benefit from much lower prices in the used car market. Buying a new car can cost a fortune, so for many, buying a used car is a necessity. Of course, it will still be a major cost to cover, but you can often arrange a finance deal that will make it easier to manage.
- Get More for Your Money
Similarly, you will also be able to get more for your money when you buy a used car. If you were to buy new, you may only be able to afford a basic model whereas the same amount could allow you to buy a premium brand and get behind the wheel of a much better car.
- Avoid Depreciation
The other major financial benefit of buying a used car is that you avoid depreciation. A new car will start losing value as soon as you leave the lot and can lose around a third of its value after just one year. The rate of depreciation slows after three years, so you will be able to avoid losing money on the investment when you shop in the used car market.
Another benefit of buying a used car is that you have an enormous marketplace to shop in, so it should not be too hard to find a car that you can afford and ticks all of the boxes. You should also be able to find used cars from a second-hand dealership in your area, such as used cars Stoke On Trent. This can make the process of finding a used car much easier and you can check the vehicle over without having to travel too far.
- Feel More Confident Behind the Wheel
Many people find that they tense up when they get behind the wheel of a new car and worry about scratches, dents and bumps. This is less of an issue with a used car because it is likely to have a few bumps already and will be worth much less. This should help you to feel more confident and settled when driving a used car.
These are just a few of the main benefits of buying a used car. More often than not, it makes more sense to buy used and this is always the smarter financial decision to make.