Chances are you have at least shopped for a used car before. Why would you want someone’s pre-owned vehicle when you could just get yourself a brand-new one? Well, used cars continue to be extremely popular anyway, but why is that? Keep reading to learn why you should consider getting a used car instead of a new one.
You might also be interested in: Tips for renting a car
3 reasons why you should buy a used car
They’re less expensive
The most obvious perk of used cars is that they come with a smaller price tag. A model from just a few years ago may be many thousands of dollars cheaper than its brand-new counterpart. This is partly due to depreciation, which segues into our next point.
They depreciate slower
When you buy a new car, much of its value immediately goes away when you drive it off the lot. When you buy a used car, much of its value is retained because it has already experienced most of its depreciation. This means that if you buy a used car for $10,000, it may still be worth $8,000 in a year. Likewise, a new car purchased for $25,000 may only be worth $17,000 after a year.
They come with lower insurance premiums
The theme here is that used cars save you a lot of money. Not only will you save cash when you purchase the vehicle, you will also save down the road. Insurers almost always charge higher premiums for new cars because those cars have a higher value. With a used car, you can still enjoy tons of modern amenities and save plenty of money at the same time. Consider getting your next vehicle from Barlow Motors.