There is something about that new car smell that gets your adrenalin pumping. However, you may not have enough money to buy your dream ride new, but you might have enough for the same ride used. It will give you the same satisfaction as the new alternative, save you money and serve you for years to come.
Saves you a tidy sum
Used cars cost almost half of what new ones cost. You will be able to pay your used car off in half the time it would take to pay for a new one. This would save you quite a bit of cash in financing fees. Furthermore, since most drivers exchange cars at a mean of six years after buying one, paying half price for a used ride gives you a high chance of purchasing a nicer one for your next purchase or even a second one for your spouse or partner.
Most of the depreciation has happened
Many consumers feel new vehicles depreciate too fast, which is true. The minute you put the key in the ignition and roar off, depreciation is initiated. Your new car’s value will have gone down a record 11% by the time you get home and continues to go down with the passage of time.
With used vehicles, most of the depreciation has already occurred. In fact, some used vehicles appreciate.
No hidden charges
While a deal on a new ride may seem pretty impressive, most have hidden charges such as:
- Shipping charges
- Dealer preparation fees
- Destination fess
You may end up with a final invoice inflated by over $1000. Used cars on the other hand have only the ‘doc fee’ which will cost a consumer a few hundred dollars.
No expensive dealer add-ons
This is a huge relief when you buy a used car. You may instead install your preferred add-ons instead of the expensive ones you would incur with a new car.
Certified and thoroughly inspected
Buyers of pre-owned vehicles that have been certified are assured of the following benefits:
- An extended warranty
- Special financing
- Thoroughly inspected by the manufacturer or other accredited certifying body
New cars only come with the assurance that they are new.
Some used vehicles come with part of their original warranty intact, which ensures that you will have access to factory trained technicians to do repairs should they be needed. Your car will also be fitted with quality parts and the service will be exceptional.
No need for gap insurance
This is because depreciation has already occurred. Additionally, for cheap car insurance you pay a lower amount in premiums for a used car than you would for a new ride.
On top of all these benefits, buyers will be doing the environment a great service by getting their used cars in Spartanburg or their closest used car dealerships since a lot of the carbon dioxide is produced by vehicles during manufacturing and initial transportation.