Many
people prefer to buy their next vehicle in mint condition, while
others would rather buy a pre-owned one. Pretty soon, you’ll find
yourself choosing between these two camps, and you’ll want to make
a decision you won’t regret. Taking several factors into account,
used cars could be the better option, especially when you’re buying
on a budget.
In
addition to their lower price, used cars can make a better investment
because their depreciation rates are not as drastic as new cars. This
means that if you sell the car in the future, you can do it at a
price that’s only slightly lower than your purchase cost. Insurance
premiums for used cars are also much lower compared to brand new
ones.
New
cars, on the other hand, lose about 40 percent of their value within
a year. In fact, their value takes a plunge the moment they are taken
out of the dealership.
While
it’s true that new cars are guaranteed virtually maintenance-free
for the first few years, used cars that have seen the right
maintenance can be just as worry-free. A car’s previous owner would
have likely fixed any problem he has encountered along the way,
saving you from the same worry. In addition, a pinstripe or a scratch
carries far less impact on a used car than on a new one, making your
ownership much less stressful.
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