Possibly one of the most compelling debates in history about vehicles is weather a used one or second-hand one is better than a new one. We prefer to weigh the options and let you decide. With the world economy the way it is at the moment, not many people can afford to buy a brand new Chevy or Ford, and the brilliant thing about this is that there are options of second-hand cars that are as good as new, for sale in many showrooms and garages in Montgomery.
There are few good advantages to investing in a used car as opposed to buying a fresh new one out of the showroom. Besides the fact that there are over 8 million used cars sold every year in the United States. We will look at these below.
Waiting Period Is Non-Existent. When you buy a car off the showroom, as per law there is a waiting period of a few days or weeks before you can drive it home. Now some of you may think this is no big deal, but when you’re in a hurry or have no time to waste due to the lack of transport. When you buy the used car from the dealership everything is quick and straightforward between both parties, buyers, and sellers.
Depreciation. The difference between the amount you bought your car for and the number you will sell it for is depreciation. Both used and new cars suffer from it from the minute you drive it off the lot and majority vehicles lose up to 50% of their value in just 3 years. Click here for further reading about this. The only difference is the value will change based on running costs, quality, and initial price. The first year will always have the most depreciation, thereafter it dies down towards the 7th or 8th year.
Saves you Money. Should we even go there? Yes, we shall. It is an obvious fact that the price of a used car is often up to 50% less. This means if you need to pay it off, it will take you half the time in comparison to paying off a new car.
It’s Environmentally Safer. Two kinds of activities that contribute to carbon monoxide poisoning and air pollution thereof are car manufacturing and shipment. When you buy a used car you reduce your carbon footprint https://www.theguardian.com/environment/green-living-blog/2010/sep/23/carbon-footprint-new-car
Inspection and Certification. New cars are assumed to be new and certified but this is not always the case. With used cars, there is a regulation to thoroughly inspect each one to assure the vehicle is in running condition and of high-quality. The ones that are refurbished are often checked by the certifying authority and often have an extended warranty and special financing options.
Insurance Premiums Are Much Lower. In the case where you have a fender bender with your new car the insurance company (if it is insured) will pay for what the price is worth at that given time. It does not consider the original cost of the car when purchased versus it’s worth. When you bought it, the vehicle was new and cost a lot more, but now that it has lessened in value the insurance does not always consider this.
Annual Registration Rates Are Lower. In the United States, including in places such as Montgomery AL, the rate of your annual reg. the fee is based on the year of the model itself and the value of the automotive. The first three years have the highest rate and then after 5 years, they become steady. To avoid exorbitant fees, you can buy a car older than 3 years, you will save thousands in expenses.
The difference between getting a new car from the showroom and an older one from a used car dealer Montgomery AL has been made clear by all the points mentioned above. These are just a few of the benefits you can get which we haven’t even mentioned such as cheaper parts for when your car needs repairs or cheaper tax rates too. A lot of used or second-hand cars look as if they are brand new, you don’t need to succumb for a broken down one. If you look around at the right places you will find a diamond in the dust!
