10 Excellent Advantages for Buying a Used Car Rather Than a New One

Posted Friday, Jun 21, 2024

 

You are driving 80 miles/hr and showing off your shiny new car. The moment you park outside your friend’s house, they come out running, awestruck. Sounds and feels amazing, right? Well, before you take a bus to that showroom you saw near your office, just wait.

• Can you get a loan?
• Can you make the monthly payments?
• Is your income enough to keep up with the costly repairs that come with buying branded car parts?

Finally, are you of the mind that a new car is a better car?

Yes, we know that the enticing smell of leather and the meter showing “0” is unbeatable. However, a used car offers some amazing benefits that a new car doesn’t.

Let’s not wait any longer and get to the reasons:

Reason #1

Depreciation

You have probably heard the old saying, “A new car loses 10% or 20% of its value the moment you drive it off the dealership’s lot.”

Unfortunately for many used car purchasers, this is true. A new car turns into a used car as soon as you take it for a test drive. This is a benefit for drivers who buy old cars, even though it can be bad for those who only buy new cars. When you buy a secondhand car, much of the depreciation is assumed by the prior owner.

The newer the car, the more quickly it depreciates. After three years, it starts to level off. To benefit from a lower price tag, you should purchase a car at the right time so that someone else bears the cost of the faster depreciation rate.

Reason #2

A New Model at a Low Price

When purchasing secondhand, you may usually receive a more lavish model or a better trim level for the same money. This implies that you can take advantage of features and conveniences that might be unaffordable in a new car of a comparable price. Purchasing used lets you receive better value for your money, whether it's in the shape of upgraded performance, high-end interior materials, or cutting-edge technology.

Reason #3

Certified Pre-Owned (CPO) Programs

CPO programs are offered by many dealerships, giving used automobile customers extra peace of mind. CPO cars go through extensive examination and reconditioning procedures, frequently have longer warranties, and sometimes even have extras like roadside assistance. These schemes provide a middle ground between buying new and saving money on used goods.

Its benefits include:

• Assurance of quality through comprehensive inspections.
• Extended warranty protection that adds financial security.
• Transparency via detailed vehicle history reports.
• Added security with included roadside assistance.
• Lower depreciation compared to new cars.
• Attractive financing options.
• Higher resale value.
• Access to the latest technology and features.

Reason #4

Variety

Used cars are available in various makes and models. You even have the option to make a choice based on years. Here’s what you can buy:

• A spacious SUV
• A fuel-efficient car
• A rugged truck
• A bike

You will easily find one that meets your preferences and needs.

Moreover, buying used means you are not limited to a single model year. Some even come enhanced, offering unique features at a low price.

Reason #5

Reduced Registration Fee

Depending on which state you are buying the car in, you might have to pay taxes and registration fees. These fees are also determined by the used car’s price. The good news is that you will pay less and save more in the long run.

Reason #6

Lower Insurance Rates

Secondhand cars have lower insurance costs than new ones. Why?

You can easily replace or repair a used car. You cannot do that with a new car because of the original parts. Once a car’s engine opens, it depreciates, leading to lower insurance rates. Over the course of the vehicle's life, lower insurance rates can result in significant savings.

Reason #7

Proven Reliability

More than ever, modern cars are made to last. Many of these models have a track record of dependability and toughness. Here are three ways to be sure you are investing in a good vehicle:

• Check the model’s maintenance history
• Read user reviews
• Find out its reliability ratings

A well-kept secondhand car can offer many years of dependable service with the right upkeep.

Reasons #8

You Can Get the Vehicle’s Detailed History Report

Nowadays, it’s quite easy to get a detailed history report of any car. Thanks to AutoCheck and Carfax, you can find out about:

• Previous ownership
• Recorded accidents
• Major repairs (Especially those concerning the engine)
• Maintenance history

Getting thorough vehicle history reports on used automobiles is now simpler than ever, thanks to services like Carfax and AutoCheck. These reports give you details about previous ownership, maintenance history, and any recorded accidents, assisting you in making an informed choice and averting future issues.

Reason #9

Lower Customization Cost

Yes, new cars have all the bells and whistles. However, these features are available at a premium. They are likely to empty your pocket. If you are lucky, you might find a used car that is already upgraded. Meaning, you don’t have to pay extra for customization. Some of these upgrades include:

• Leather seats
• High-end sound system
• Advanced Driver Assistance Systems (ADAS)
• Alloy Wheels

Reason #10

Paperwork Assistance

Purchasing a used car might be a difficult process for various reasons. For some people, the extensive documentation required for registration might be a deterrent. However, when individuals question themselves, “Why buy a used car?” regarding the paperwork, they typically have in mind the experience of purchasing a used car privately.

When you decide to purchase from a used dealership, all paperwork is handled by themselves. The whole process is quite like purchasing a new car. You get to benefit from having skilled automotive specialists help you with the process instead of having to do it alone.

No need to worry about minor dings and scrapes. We know how big of a burden they can be. Driving a brand-new car is exhilarating, but worrying about the minor scratches and dents that could happen at any time is emotionally taxing. Every parking lot, freeway, and other location worries drivers. You don't worry when you drive a used car — instead, you add it to your library of driving experiences.

Are you on a budget? Let Columbus Auto Group West LLC help you find your dream used car. Our staff will assist you by pairing you with the right vehicle that matches your lifestyle. For more information, call (614) 272-2035.