When Buying a Used Car is The Smart Choice

Many people think that buying a new car is the best choice. Depending on the situation, sometimes it is better to pay a visit to a local used car dealer than walk into a dealership’s showroom. Here are some situations where a used car might be a better deal.

• When Your Budget is Limited. It's unfortunate that people sometimes don't have enough funds just when they need the money to buy something at that time. If you're looking for a specific brand new dream car, you might be out of luck with a limited budget. It is possible, however, to find the same car in a used car lot, at a significantly low price. If you have a family and want a large van, a used SUV is going to be more affordable than a brand new one.
• Better Insurance Rates. “Better” means lower. Insurance payments are one of the big hidden costs of buying brand new; with a used car, you’re relatively freer to choose and negotiate your own coverage. A good second-hand car can run just as good, too, and there is no need to compromise on safety. As long as you're careful, and are diligent with inspection and maintenance schedule, you'll be as safe as if you're driving brand new.
• Depreciation Avoidance. Cars lose value over time and the biggest hit is often after the first year of purchasing your brand new car. You don’t have to worry about depreciation on a used car; ideally a car that is less than five years old is a god buy.