5 Reasons To Choose Used Cars
Shopping for a car can be a stressful experience, particularly given the cost-of-living crisis we currently find ourselves in. However, it can also be incredibly exciting if you know what you want, and your budget allows for it.
That budget is likely to go a lot further if you buy used, with more than twice as many car buyers going for second-hand motors over new ones. Expect that figure to increase in the coming years, especially as we reach closer to the 2030 deadline for the end of production on petrol and diesel cars.
Savings
If you have roughly £20,000 to spend on a car, then it will not get you very much on the brand new market. Indeed, you might be lucky to find something even remotely close to what you’ve had before. The average cost of a new car is in excess of £40,000 in 2022 and if you buy used, you could comfortably find a car with comparable specs for less than half the price. Even if you’re planning to buy on finance, your monthly savings will quickly add up if you choose to go for a second-hand car.
More choice for your price range
If you walk into a typical Vauxhall car showroom in Norwich, you’ll be presented with a range of options related to what you can afford. Walk into a used car showroom, however, and you’ll be asked what you are looking for and then they’ll find you something that falls within your budget. You can simply get more for your money shopping used and will be able to get a higher spec and more fully featured vehicle for the same price or even less.
More review history
While a new car might be less likely to break down right out of the gate, so to speak, it’s also had literally no other owners. A used car, however, will have an entire history for you to explore online. You can learn more about not only the make and model but the history of the individual car itself and make your plans accordingly.
Less depreciation
There’s that old saying that a car loses 10% of its value the moment it drives off the lot and that’s not an exaggeration. Cars lose value faster than almost any other major lifestyle purchase and, as a result, the second-hand market is often seen as the more desirable option for most drivers. The only real benefit of buying new is that you get a full manufacturer warranty, however, you can still look to get a Car Warranty even when your car isn’t brand new.
Lower insurance cost
How much your car costs to insure depends on its value, so if you spend more on a new car that car is worth more and will cost more to insure.
This is a collaborative post.
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