Why is it Smart to Buy a Used Car

Maybe you’ve heard this several times before, “Buying a used car is a
mistake.” However, that is no longer the case. There is a growing market
for pre-owned cars and, nowadays, you can easily find a reputable
dealership that can offer you a good deal on a reliable vehicle.
When you think about it, cars today are well made and last a whole lot
longer than they used to. So, if your goal is to spend less, it makes perfect
sense to invest in a high-quality used car. Here are several reasons buying
a used vehicle can be a better option for you.
Save a lot of money
Having a car is a necessity. But, if your family is on a budget, then buying a
used car is a great way to save money. It’s also a good way to strike a
balance between spending less and having your own car.
You can easily keep hundreds of dollars when you buy a second-hand one.
So, it’s a win-win for both you and your wallet.
Minimize depreciation
Many auto industry pundits suggest that the value of a new car decreases
by 20 percent as soon as you drive it off the lot and it continues to do so by
another 10 percent over the first year of ownership. So, if you do the math,
you’re paying roughly 30 percent more than if you bought a used car.
Now, when you buy a used car, the original owner would be taking that 30
percent depreciation for you. And, if you’re lucky, you can find an excellent,
two-year-old vehicle and end up paying less than half of its brand-new
price, and still be able to drive it for many years.