4 Reasons Why You Will Enjoy Buying a Used Car
13 February, 2017
Today, many car lots contain vehicles that are certified and look almost like brand new. If you opt for a used car you will actually enjoy numerous benefits. When you buy a used vehicle, you avoid paying various dealer fees and you are shielded from the rapid loss in value called depreciation. If you buy a used car that has less than 30,000 miles on it, you can enjoy the following benefits.
1. Better Price and Lower Depreciation
A new car loses thousands of dollars in value after you drive it out of the dealers lot. Depreciation occurs at a rapid rate within the first two years. So a new car may reduce by 20% of its value within a few months. That is why a used one is much better bargain. Within three years, most cars have lost up to half of their value. So it is better to be the second buyer who gains the 50 percent instead of being the original buyer who lost 50 percent.
2. More Options, Models and Brands to Choose From
If you want a 2007 Jeep Wrangler, or the 1979 model of the Mustang Turbo, you can only get it as a used car. When buying used cars, you will be able to choose from a wide variety of cars. You are not subject to the limitations that new car buyers face - they can only buy cars that were released in the last one or two years. You will have an endless supply of cars to choose from.
3. Technology Will Help You to Make a Good Buying Decision
Used car shopping is now a much more rewarding experience, thanks to information and resources that digital technology has put at your fingertips. So if you want to the current market value of a car, you can easily check online. You can actually search for the value of a car by make, model and year of release. If you want to know the historical facts about a particular car, you can use the vehicle identification number (VIN) to get as much information as possible. In the same way, if you want to purchase used tires for sale, you can use the code on the tires to check the year of manufacture and how soon they will need replacement.
4. Little or No Sales Tax
Most times when the advert for a new car shows the price, it does not include sales tax. Many state regulations require new car buyers to pay sales tax. But if you buy a used car directly from the current owner, you may not be required to pay any sales tax. You will also avoid paying processing, preparation and advertising fees that can run into hundreds of dollars. In comparison, the sales tax that you will pay when you are buying a new car may run into thousands of dollars. To confirm if you will need to pay sales tax on a used vehicle and the percentage required, you should check the laws in your state.
Buying a used car will enable you to enjoy the benefits highlighted above. You will be able to enjoy a relatively low price tag and lower depreciation. You can also enjoy a wide selection of models and avoid paying most of the fees associated with purchasing a new car.