There is a lot of research you must do before investing your money anywhere. The best way is to have a pros and cons list ready for further deciding your investments. However, when it comes to deciding between buying a new shiny car because the advertisement you saw were straight out from a fairy tale and has left you dreaming about it or choosing a used car which will pretty much serve the purpose and also not tear a hole in your pockets. If you are wondering that an old car cannot get you much benefits like a new one then you might want to consider some of these key points that will make you think twice in a clearer direction.
1. Saving Money
Needless to say, getting a used car will definitely go soft on your pockets. You will save almost fifty percent the amount when you buy a second-hand car. The gap in price of a new and used car is substantially high and can avoid a financial setback if you unfortunately happen to face one. Also, most of the accessories that you will want to attach on a new car might already be present on a used one and you have to spend only for those which isn’t there.
2. Choosing the Perfect Model
Before we begin, nobody is suggesting you buy a 1975 Mustang as an antique car and boast about it in the neighbourhood. That may as well cost you a lot more than a new car. There could a couple of years old model that you really liked and aren’t a fan of the updated new design you can now get the right model you have always preferred which isn’t available in the new cars anymore.
3. Depreciation Advantages
The value of a car depreciates at a much higher rate than properties and other investments. Statistically speaking, the value of a car depreciates by almost a 12% by the time you bring it from the showroom to your house. The resale value of the car will be pretty low until you are done with it whereas a used car’s value has already depreciated and you don’t really have to worry about falling prices and the resale value of the car.
4. Saving you The Paper Work
Not that you don’t have to go through any paperwork while buying a used car but it is definitely much less tiring than the paperwork for a new car. You will save a lot of time this way for the registration of your vehicle and also avoid the run and fatigue you will have to face taking rounds of the offices.
5. Certified Cars
Nowadays, there are a lot of options for getting a used car. You can either buy it directly from someone which should be less preferred or you can approach certified second-hand automobile stores that inspect the car and repair or replace anything that might cause trouble. It is also termed refurbished if the car is just a few months old or so. They also provide free services and offer a lot of benefits on your new used car. You can also find a used tippers Mercedes if you’d like.
6. Insurance Benefits
In case of an unfortunate event of an accident the insurance company will pay the amount, which is proportional to the value of the car at the moment. This is often known as the gap insurance referring to the gap between the cost price and the depreciation value. You are spared the gap while buying a used car since you have paid only the depreciated value for the car.
Though not all parts of the car will be under warranty but some of them might still get you the benefits of the warranty r if the previous owner had a part changed, it will be an extra benefit to have some new parts.
These are a few benefits that you might have but there are few favours you will be doing to the environment too. You will avoid one extra car on the road thus saving carbon emissions and if people were to choose a path like you, the world would be a better place.