For starters, it makes a lot of sense to purchase a used car, but we are not talking about vintage ones that you’ve seen in old James Bond movies.
Not like that, we are talking about current cars that everyone uses, those that you can find in local dealerships like used cars in Fresno CA, for instance.
On the other hand, you can visit a car lot and check the latest model right from the factory with all features that you want to add to it, but at the very end that will prove a significant investment, and that is something most people cannot afford.
It doesn’t make sense to pay for $30 grand for a new car and to get into the debt for the next five years when you could have spent three times less to get something with the same efficiency.
Of course, there are also other reasons to choose a used car, and we will start from the very beginning:
You Will Save Money
You have read what we mentioned above about saving tens of thousands of dollars by choosing used car instead of a new one.
According to statistics, in overall, you will pay $14 grand less by choosing a used car than a new one. The main reason for that is because new cars tend to depreciate fast and much more than used ones.
Imagine that you sign a contract to get a new car, to drive it around, and return it to the dealership. You can learn more on how to get a good deal when buying a used car by clicking here.
You should have in mind that after that you can consider it as a used car, and it is not new anymore. And since it is used, the reality will dictate that the price should drop significantly then you agreed an hour ago.
Three years after the overall value of the car will drop by 46% of what you’ve paid for, and the performance would be the same.
You should also understand that this doesn’t apply to all vehicles, which means that some cars will use a far more significant percentage of original value than others. Apart from the idea of depreciation, you will pay fewer taxes for a used car as well as insurance costs and registration.
But you will get a car that will require higher maintenance than the new one, which will increase the overall expenses that you will make with it.
It Is Reliable Choice
When we compare old designs and models with a new one, it is like comparing a tank with a truck. Old models are made to last, and they can withstand the test of time. Today’s cars are efficient, and according to statistics, the average car has been 12 years of age.
At the same time, auto industry thinks that by 2020, the number of used cars that are twelve years old will rise for 15 percent, which means that modern vehicles are too built to last long, and you will be able to get long service in both ways.
You Will Be Eligible For CPO Programs
Since the low payment leasing is popular among car buyers, reports state that more than 30% of purchases were leased with these loans. They had three-year terms that included mileage restriction, condition, and maintenance of the vehicle.
However, these restrictions enabled people to use cars properly, and owners had to take good care and pay for expensive evaluations and repairs. When the lease passes, the vehicle will be returned to the lot, and someone else has to find it and buy it.
In most cases, you will find these vehicles in the certified pre-owned lot or CPO lot. Since the guarantee for driving was low mileage and maintenance, you can rest assured because by acquiring these vehicles you will get perfect pieces of machinery.
Check the official CPO website: https://cpo.noaa.gov for more information on latest news.
Getting a CPO program will guarantee to get a used car that features like new condition and characteristics.
Most of them feature low mileage, and they are well cared for. But you should also have in mind that some CPO programs will provide you lightly used trade in models that are pulled from rental car fleets.
You should not worry because you know that rental car agencies treat their cars with proper maintenance and respect.