If you want to save money, buying a used car instead of a new one will help you save a million dollars in many ways. Also if you ask any financial expert about buying a used car or a new car they will suggest you buy a used car over a new one. There are a number of other reasons to purchase a used vehicle in addition to the obvious one of saving money over purchasing a new one.
1)Save Money and Upgrade Your Car:
Buying a used car rather than a new one can help you save a significant amount of money. For eg: If your budget is 5-6 lakhs you can go for a used car which is 1-2 yr old as depreciation is 8-10% for a new car straight from a showroom. As a result, depreciation is less than that of a new vehicle. Furthermore, you can jump a segment and choose another car model in the same budget you have and may end up buying a better car than you thought of.
2) Avoid stress while driving:
Used cars accompany their own advantages. The main benefit must be the inclination to drive stress and strain-free without having a bad case of nerves of getting a scratch or a dent which a new car is always likely to get.
You can even take out your used car for longer trips after you buy it as taking a fresh new car out for longer outings before the primary servicing is something buyers keep away from.
3) Less rapid depreciation:
Every car undergoes depreciation at one point in time. But a used car has its own benefits, it depreciates at a very slow rate when you compare it to a new car. This obviously means you will lose less money as you let someone else take the massive depreciation hit on your car.
4) Low-cost insurance with no additional costs:
Getting your used vehicle covered will cost you much less when compared with a new vehicle. That alongside taking off extra duties, charges and different conditions makes new vehicles very costly.
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5) Get Genuine Certified Used Cars:
Automobile industry has changed a lot, the way used cars are sold and purchased are also developed. You no longer have to count on the assurance of the salesman regarding the used car being genuine. There is no possibility of fraud. For the convenience of customers, the online certification and warranty for their used cars are reviewed and approved by certified automobile engineers. With significant money savings, true certifications and warranty, you can buy a lot of other benefits along with a used car possession. Moreover, in case you want to sell your used car in future you will lose a lot less money when compared to a new car due to the high depreciation rate for new car resale. For the new learners and beginners, used cars are the most beneficial, practical and reasonable option.
Another advantage is that, before you buy a used car, it will go through a thorough inspection, be refurbished, and then be certified by a manufacturer or a certified authority, which may help you get an extension to the warranty on your vehicle.
