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Why Is A Used Car A Good Buy?

Why Is A Used Car A Good Buy?

A used car may be one of the best decisions you make for your next vehicle purchase

. No matter which make or model you buy, you will pay less for this type of vehicle rather than a brand new one. However, that has not to say that buying every brand used is going to be a good idea. Some vehicles just do not last. Some even can cost you big money long before you have paid off the loan. Keeping this in mind, why shouldn't you just go for the new model instead? Before you make this decision, consider a few key things.

The Depreciation of Value

One of the hardest things to swallow when buying new vehicles is just how fast the value of them drops. In order to be classified as such, the cars cannot have any other owner previous to the one making the purchase, aside from the dealership. Therefore, as soon as you sign the paper work and drive the vehicle off the lot, the value has plummeted. That means you are likely to be paying much more than what the vehicle was worth if you bought it second hand. Of course, there are advantages to owning new, like knowing it is fully in good condition.

The Protection

One misconception that many have about buying a used car is that they have no protection. If you buy new, you may get a warranty, depending on what the manufacturer provides. However, most who buy a not-new vehicle can also get this type of protection. In some cases, the warranty will carry over and follow the car. The dealer or the manufacturer may offer a new warranty, too. In other words, you still have the level of protection you need.

Specs and Add-on Features

If you would love to buy a vehicle with more features but you do not want to pay more for it, then do not. Go with a used car instead. You can get all of the features you want in some of these models. You also can get some great add-ons without having to pay a lot more for them. This does add to the value of the vehicle, but chances are good that you will save a significant amount buying those features this way than purchasing them on a new car.

A used car has plenty to offer to you. Before you make a purchase, take a long, hard look at the options. Do you want to pay for a vehicle over the next five years that may not be worth what you put into it? On the other hand, do you want to pay less and still get a great vehicle for a potentially shorter amount of time? The options are yours.

by: Anders Abadie
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