5 Benefits Of Buying A Used Car


Everyone wants a new car. Perhaps it’s because of the new car smell. Maybe it’s to show off. It could be because it’s easier. Who knows. But it’s not the right choice. Buying a used car is better than buying a new car and I’m going to tell you why.

Here are the 5 benefits of buying a used car.

Depreciation

The moment you drive a car off the lot it has lost at least a thousand dollars. Even if you try and sell it the day after you bought it, you will surely lose a few thousand dollars. The first couple of years a car will lose many more thousands of dollars. Yes, the car will continue to drop in price throughout the years, but never as much as the first 2 years. Therefore, buy a car that is at least 2 years old to soften the blow.

Sales tax

When you go buy a new car, the sticker price on a car isn’t your total. That’s just the price to lure you in. This price does not include sales tax. So just imagine adding 8% to a $19,999 price tag. That’s another $1,600. When you buy used for a private seller, you pay no sales tax. How’s that for instant savings.

Fees

Fees on new cars are much greater than fees on used cars. Buying a car at the dealer means you’ll be paying for fees like dealer preparation and advertising fees. There are also countless useless yet expensive add-ons the dealer will want to charge you for on a new car, like rust proofing. Buy from a regular person and you’ll have no hassles and no fees.

Condition

Nowadays, cars are built to last. The thinking behind buying a new car instead of a used car is because new cars last longer. But a used car can last you well over 100,000 miles. So if you buy a different car every 10 years, a well maintained used car can last you 10 years, just as a new one would. People like to switch cars anyway, so keep buying used ones and switch more often.

Negotiation

You stand a better chance at getting a good deal on a used car, rather than a new one. Sometimes the dealer simply cannot lower the price on a car anymore. When you’re dealing with a private seller, there is no limit to how low they can go. If they’re having a hard time selling their car, haven’t received an offer or just want to get it over with, you stand to get a really good deal.


About The Author

Edwin C.

Edwin is the creator and leader writer of Cash The Checks. He's been making money online since 1999. When he's not working on this blog, oh who is he kidding, he's always working on this blog! If you've found this post helpful, please share it on social media.

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2 Comments

  1. I never buy new because I get bored of the same car after a while anyway, so I buy a different one every 5 years or so.

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