There may come a time when you need another car, or you are finally ready to purchase your first one, and you have two basic options when making your decision: should you go for a used car, or should you splurge and buy a new one? Of course, there is no ‘right’ answer to this, and your response will essentially depend on what you require and what you want. But buying a used car is indeed a more economical choice, and aside from this, it also comes with certain distinct benefits. But what are these benefits, you ask? Here’s a look at the top advantages of going for a used car purchase.
There’s no denying that the price of your chosen car will matter unless you’re the CEO of Amazon or have got hundred-dollar bills lying around. But kidding aside, you have probably saved a certain amount of deposit for your car but would have to take out a loan for the rest of the payment – and this is where buying used can present you with some unique advantages. The price of a used vehicle model will always be lower than a new one, and this allows you to go for something nicer – perhaps a used Audi or another otherwise costlier model that you may not be able to afford if you were to buy new.
Depreciation is another factor in favor of used vehicles because it guarantees that a used vehicle will already have gone through significant depreciation with its first owner. If you didn’t know it already, new cars are supposed to depreciate by as much as 30 – sometimes even 40 – percent in their first year alone. But if you opt for a used car, such as those offered by reputable used car Utah dealerships like The Young Automotive Group, vehicle depreciation will no longer have such a huge impact. In addition, it means you don’t have to be obsessed about keeping your car in pristine condition and worrying about the most negligible dents or scratches because the previous owners of the car have already taken care of those things.
A large variety of choices
While you can’t have a made-to-order car when you buy used and will have to choose from an assortment of cars from a dealership, it’s an excellent option if you want to choose from a broad range of cars. For example, you may want a model that’s already been phased out (something you’ve been dreaming about owning for years), or you may want a specific rim or wheel style that they’ve stopped producing. With this, you can also opt for a particular package for your used vehicle, whether it’s an additional manufacturer’s warranty, some add-on features, and what-not.
Lower insurance premiums
With a used vehicle, you will undoubtedly have lower insurance premiums compared to a new vehicle. However, your insurance coverage rates will be impacted by the car’s age, and new cars will always have higher insurance rates than used ones.
There are plenty of used vehicles that are still in remarkable condition in used car lots and dealers in the country, and when you go with a dealership, you know that they will have inspected the car as thoroughly as possible, too.