When the time comes to replace your car, or buy your very first car, you have to decide between new and used. In my view, I would always, always recommend buying a used car, and there are many reasons behind this which I will go into further in this article. The used car market is absolutely alive at the moment and provide you with the chance to get your hands on whatever car it is that you are looking for.
If you have been in any doubt as to whether you should buy new or used, here is why I would choose used all the way.
Many say that buying a new car is better because you will get a lengthy warranty that will cover the car against mechanical faults. The idea that you cannot get this on a used car however is a myth, with many dealers offering a short warranty, and companies offering extended warranties and mechanical insurance. Personally I use American Auto Shield to cover the parts of my car, check out the American Auto Shield reviews to see just how satisfied their customers are.
Used cars will always be cheaper than the newer models, one of the biggest reasons why you should opt for a used car. Let’s say for example that you are looking for an Audi A1, this may cost $25,000 to buy brand new, but buying that Audi used, perhaps a year or two older than the newest model, could set you back as little as $13,000. The difference on the price here is $12,000 and the difference in terms of the car itself, could simply be a few extra miles on the clock.
It is no secret that buying a new car means that you will lose a huge amount of value on the car, the moment that you drive it away. When you buy a used car, this will not happen and in terms of them holding value, they will beat new cars every single time meaning that when you decide to sell the car, you can get a lot more for it.
One key factor of determining the cost of your car insurance, is how much the car is actually worth. Given that a used car costs far less than a new car, you can count on lower insurance prices when the team comes to look for cover.
Another cost saving that you can count on when you buy a used car versus a new one, is that you will have much lower registration fees to pay. Much like insurance, the reason behind this is that the fees are based on the value of the car. Whilst this can change from state to state, the large majority of states use these factors when deciding on registration prices, and you could be in for a big saving in comparison to registering a new car.