In these times of economic crisis, one of the best decisions you can take is going for a used car over a new one. Irrespective of the model type and brand of the used car, you’ll certainly have to shell out lesser money as compared to buying a new one. However, this doesn’t apply to used cars of every brand. Some brands are known for their longevity while others have made bad name for themselves because of their short life. You have to consider various aspects before buying a used car. No matter what you perceive about used cars, in some cases they do have an edge over brand new cars.
Depreciation: The value of a new car depreciates at an unbelievable pace. The moment you sign on the papers and the keys are handed over to you, the car’s value starts. So lets say even if the car is driven for only couple hundred kilometres in a couple of weeks, its value decreases quite significantly. I mean don’t get me wrong new cars ofcourse have their own place but if you think logically what difference can a few weeks or even a few months old car make? So isn’t it a sensible decision to opt for a used car in good condition from sites such as VCARS.co.uk because chances are you end up paying lower for the same car in pretty much the same condition.
Warranty: There is a general perception about used cars that they don’t have any protection. While buying a new car, you get a warranty, which varies depending upon the manufacturer. However, this may apply to used cars too, because there are a majority of dealers who, in order to attract sales of such cars offer exclusive warranty. You can ask your dealer for warranty up front, and you might get a fresh warranty. In a layman’s language, you would be getting protection of your used car.
Specs: If you prefer to have add-on features in your car, then avoid buying a new car unless of course you love to extra cash to shell out. Rather you should rather consider buying a used car because some of these cars would have all the features you’re looking for. However, if you don’t get what you’re looking for, then you can simply buy a used car at an affordable price and use the saved money from its purchase for modifying it. You can consider opting for add-ons for the used cars. Chances are you will end up saving a nice chunk of money this way rather than getting them with a new car.
A used car will be a boon for you. There is no need to pay loan premium for a new car when you can buy the same car at a much lesser price without paying high interested loan installments. This is obviously the best merit of a used car.