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Top Reasons to Buy a Used Car

a red license plate that says "new or used"

There is a common debate that happens at family gatherings, in the office at lunchtime, and when you find yourself next to a car lover in a coffee shop: Is it better to buy a new car or a used one? We don’t expect to persuade you completely to one train of thought, but we do have a list of great reasons to buy used instead. Whether you are trying to save a few bucks or just love old school vehicles, we are certain at least one of these reasons will stand out to you.

Why spend more when you can spend less? Anyone who loves shopping will tell you there is value in shopping around and looking for the best deal. Most people will also tell you that you may not find the best deal in a new car dealership. In fact, it’s usually the exact opposite.

Although it’s probably true that car salesmen get a little more heat than they deserve, it really takes a person with great negotiation skills to get the best value for their money. For this reason, you may want to consider looking for a used version of a slightly older model vehicle instead. No one will try to convince you that you should pay the original cost because they would lose the sale immediately!

 

When you buy a new car you are signing off on the fact that the car will immediately lose its value once it leaves the parking lot. This should tell you how overvalued new cars are in the first place. Cars depreciate over time and most cars will depreciate by 50% over the first three years of its lifespan.

Think about that. A car you are willing to spend tens of thousands of dollars on will be worth half the price in only a few years. The only reason to ignore this fact is if you are absolutely in love with the car and cannot live without it. If that’s case, by all means follow your dreams. For the rest of us, let’s choose wisely what we do with our hard earned money.

Besides the savings, there are qualitative aspects to consider in our debate of old versus new. If variety peaks your interest, take a look at the used car market compared to the models available in the new car market. Not only are there more original models out there, but also many used cars have unique added features to them that would be expensive or sometimes impossible to find now.

Last but certainly not least, anyone who is worried about buying used should learn about vehicle history reports.  These reports make used purchases less risky. This is a great way for buyers to gain peace of mind that they are actually buying what they are being sold. A word to the wise: don’t rely entirely on these reports. A good report is a great sign, but inspections are still necessary. The time has come for you to finally decide: should you buy new or buy used? Good luck!