When you’re at the unfortunate point of needing a new car, there’s the decision of choosing between a brand new car or a used one. There are perks and benefits to both, but when it comes to a new car, you’re the first owner and that means you’re likely to see the most depreciation of your investment.
There are many reasons as to why you should choose a used car. When it comes to choosing a used car over a new one, here’s why it’s good to pick a used car for your driving needs next time.
There’s minimal depreciation
When it comes to choosing a used car, there’s very minimal depreciation over time. A lot of the depreciation has already happened, which is why it’s always good to be the third or fourth owner of the vehicle in order to get the best value for money.
Every car depreciates, unless you have a car that’s a unique or limited edition, or it’s a vintage car that has increased in price due to its popularity for being one of few left.
With used cars, the less depreciation you can get ends up making the car more worthwhile.
You’ll get it for a lower price
By choosing a used car, you’ll often get it at a lower price than most of the newer cars will be available. As a new car is rolled off the manufacturing line, its price is likely going to be at a retail price point - meaning it’ll be a lot higher than what you’d typically pay for a used car.
It’s therefore, worthwhile thinking about how much you’re willing to spend or what you have available to spend. For some used car dealers near me, there will be better price points available no matter what type or make of car you’re after.
Greater choice available
Choosing a used car means there’s greater choice available. With new cars, there may be an opportunity to customise the car, but often enough it does come with its limitations.
A used car provides you with greater choice available, so if you have that flexibility in what you want from a car, then choosing from a used car category is going to provide you with more options than what would be available with a new one.
Lower insurance costs
Insurance costs are something that is part and parcel of owning a car. However, you can actually save the pennies by choosing a used car. A new car is going to be more expensive to fix or replace, while a used car will have already depreciated somewhat, making it less expensive to insure.
Proven reliability
A used car offers to benefit of proven reliability. As it’s been running on the road for a while, it’s more of a trusted vehicle to own. You might encounter fewer breakdowns than if you had a brand-new car.
Used cars provide plenty of benefits, so if you’re looking to replace your existing car sometime soon, then a used car is definitely worth the investment.