Five Reasons to Buy a Used Car

By Product Expert | Posted in Tips and Tricks on Tuesday, October 11th, 2016 at 4:24 pm
Advantages and Benefits of Buying a Pre-Owned Car

Advantages and Benefits of Buying a Pre-Owned Car

The purchase of a vehicle is a major expenditure, so you want to make sure that you get it right. One of the biggest decisions for the car buying process is whether to buy pre-owned or new. For this post, we highlight the advantages and benefits of buying a used vehicle. 

Affordability

While it can be enticing to own a car that no one has driven before, there is a major price difference between a new and used car. On average, the price gap between new and used vehicles is around $20,000. If you’re on a stricter budget, that’s a considerable amount of money.

No New Car Fees

While you’ll have to pay some fees for any type of car you buy, like license and vehicle registration, the random fees that get tacked on to new cars typically are higher. This may include delivery, processing, handling and advertising fees.

Pre-Owned Vehicles in Jacksonville FL 

Less Depreciation

Five Reasons to Buy a Used CarYou’ll generally lose less money through depreciation with a pre-owned vehicle. When you drive a new car off the lot, it immediately loses up to 11% of its value. By the first year, the car’s value will have decreased by 25%, and by the third year, a decrease in value by 46%. That’s a major depreciation that you’ll likely not experience when buying used.

Wider Vehicle Selection

When looking for a pre-owned vehicle, you’ll have a much wider vehicle selection from which to choose — spanning many years, models, trims, color choices and other specifications. With a new car, you are much more limited in your options.

Improved Technology for the Car Buying Process

Before the rise of the internet, pre-owned car buying used to be a much more challenging process. However, with online sites like KBB.com and Carfax, you can quickly find such information as average value, features, specifications and reviews. Also, with many online forums and customer reviews, you’ll likely be able to find good information from previous owners of your targeted vehicle.

For more advice on automotive-related issues, we encourage you to follow us on the AutoBasics Blog.

22 Responses to “Five Reasons to Buy a Used Car”

  1. You mentioned that while it can be enticing to own a car that no one has driven before, there is a major price difference between a new and used car. My son finally passed his driver’s test and really wants a car to drive. Do most dealerships offer certified pre-owned vehicles? Finding a reputable auto dealer that has certified pre-owned vehicles could be a good option.

  2. Jen Pack says:

    My husband and I need a second car, so I appreciate this information on the advantages of buying a used car. I like the tip you give of looking for cars that have information on their online forums and customers reviews. I imagine that it would also be a good idea to look at a few options before choosing the best one.

  3. It makes lots of sense to me what the article says about having more choices. Cars change features from year to year and all of these features will be available to you in a used car. You can even control the quality of the car by choosing a car with a low amount of miles. It is easier to find exactly what you want if you shop used.

  4. Luke Smith says:

    I loved what you had to say about how a used vehicle dealership would have a wider selection of vehicles to choose from. I can definitely see how this would be handy for someone who is not sure what sort of car they want. I would imagine that you could probably find a car for much cheaper this way as well.

  5. Scott says:

    I had no idea that you had to pay extra for a new car. I can see why this would be something to be aware of when deciding whether to buy a new car or buy a used car. My brother is looking for a car to buy to drive to school. I’ll have to point this out to him the next time I see him.

  6. I have been looking into buying a car and I think that after doing a lot of research buying a used car is a much better idea than buying a new one. Like you said, because of the law of depreciation, after the third year a car has lost most of its value. Because of that, if you buy a car that is roughly three years old and used, you will be saving almost half of the cost of the car. Also, a three year old car will be able to be driven for another ten years so it is definitely worth buying a used car.

  7. John Mahoney says:

    I loved how you talked about if buying used cars you have a wider variety to choose from. It is always a good idea to remember that taking the time to shop around can help you find the best car dealership to work with and buy from. As I see it, making a list of features you want and the type of vehicle that matches your style;e can make this process a bit faster.

  8. Buying a used car seems like the best option. I love how I would lose less money through depreciation after buying a used car, as opposed to a new one. We need a new car to drive, so I’ll start looking at used cars.

  9. I found it truly helpful when you explained that one of the main advantages of buying used vehicles was the idea that it typically costs $20,000 less than a new vehicle. Personally, I think that was amazing considering the idea that I’m trying my best not to spend too much on a vehicle. We recently got the house remodeled, so basically, I’m broke. The only reason why I’m buying a car was that I really need one to get to work. Seeing this blog really encouraged me. Thanks!

  10. It’s interesting how you said that a pre-owned car will depreciate slower than a new car will. We are buying a car for our son before he goes off to college. Hopefully, he will get a good job and be able to buy his own car before too long, so we’re hoping to get one that will be worth something at that time. I’m glad to know that a pre-owned car could be a good option.

  11. Susan Kelly says:

    Many people now-a-days prefer to buy used cars due to a number of reasons. The first reason is it’s price is affordable. The person who is economically not stable generally prefers to buy a used one as there is a major difference in price between the new car and a used one. When we are buying a new car,random fees we have to pay for such as delivery fees,processing fees,handling fees and advertising fees etc. These are not to be paid in case of a pre-owned car. According to the law of depreciation, a car’s value will depreciate by 46% after completing 3 years. So if we buy a three years old used car, we will save about half of the cost of the car.

  12. Hendrix Svennigsen says:

    Other than your home, a car might be the most expensive purchase. I am passionate of cars, but I also try to manage my finances responsibly. As a result, I have hesitantly come to the conclusion that a new car is an unnecessary expenditure. You have nicely illuminate the advantages of buying a pre-owned car. Used cars are helpful in affordability. For second hand car you will spend less money. This is the first reason for those consumer who are searching for car in affordable price. The other benefits it includes are Improved Technology for the Car Buying Process, Wider Vehicle Selection ,Less Depreciation, no new car fee. For any type maintenance issue of your car you can visit https://roninautowerks.com/ .

  13. Mia coleman says:

    One should be very careful while buying a pre-owned vehicle. It is highly recommended to do some research on the internet on different pre-owned vehicle. Before buying a pre-owned vehicle, a pre-purchase inspection should be conducted by trusted professionals to identify the mechanical or cosmetic damage to the vehicle.

  14. Ashley Turns says:

    Thanks for letting us know that used vehicles have a much wider car selection. My husband and I are in need of a new car, so we are wondering if we should buy used or new. We’ll be sure to go with the former since we’ll have a lot more vehicles to choose from.

  15. Anthony Baxter says:

    Yes, a driver can avail all the above benefits by purchasing a used automobile. I just wanna say that snapping-up a pre-owned vehicle is a deal, but it is not as big as keeping that handed-down asset in the optimal condition for a longer period of time. You have to keep the engine oil fresh. You have to wash, wax, and vacuum the exterior painted surfaces. Make sure you are up to date on the recalls and using authorized parts at the time of replacement. You have to perform the seasonal inspections and fulfill the maintenance needs to keep your old roadster running smoothly for a long haul. To get more knowledge about the car maintenance engagement, you can refer this page- https://glenwoodforeigncar.com/car_repair_services/ .

  16. Jade young says:

    Buying pre-owned vehicle has a lot of benefits. However, Used vehicles are associated with a lot of problems and such used vehicles should be inspected properly to evaluate the condition of different components of the vehicle. And pre-purchase inspection of such vehicles should be carried out by professionals. Professional could identify mechanical or cosmetic damage and could aware us about the current status of the vehicle.

  17. Rosa Paula says:

    Purchasing a car is the second most major investment in one’s life. When we go for shopping a car, there are two options in our mind. Either we prefer to buy a new car or an used one. The persons who are financially not stable generally look for a used car. Because used car prices are about 50% lower than that of new cars. Sales taxes and other taxes on used cars are comparatively less than that of new cars. Moreover insurance rates on a used car will be lower as opposed to new ones. But used vehicles are associated with so many problems. So pre-purchase inspection must be done by a reputed car mechanic.

  18. Fantastic website you have here but I was wondering
    if you knew of any user discussion forums that cover the
    same topics discussed in this article? I’d really love to be
    a part of group where I can get advice from other knowledgeable individuals that share the same interest.
    If you have any recommendations, please let me know.

    Cheers!

  19. Sherry Gajos says:

    I liked what you said about how the price gap between new and used vehicles can be around $20,000. My husband and I have decided we need a second car for our family, so we’ve been discussing either a new or used one. Thank you for the information about how if you’re on a stricter budget, the difference in price is a considerable amount of money.

  20. Fidel Vega says:

    The appeal of purchasing a brand new speed machine is quite a real one. For that reason, snapping-up a pre-owned can be a great deal. Lower price tag, less depreciation, lower insurance rates, reduced registration fees- are the typical reasons to buy a handed-down vehicle. Once you have made a safe speculation, you need to service your intermediary on a regular basis so that you can prolong its lifespan. Taking the help of car technician will always be a wise decision when it comes to servicing the convertible.

  21. Deidra Monika says:

    Generally people with economic instability prefer to buy used cars. Used cars have a number of benefits over brand new cars. Their price is much lower than that of a new car. Moreover the sales tax and other taxes are less for used cars. Registration fees are also less in case of used cars. Less depreciation is found while buying a used car. Since used cars have so much benefits people are interested to buy them,but before purchasing a used car, we must make a thorough inspection of the vehicle by an experienced mechanic.

  22. Anonymous says:

    Thank you for helping me learn more about the benefits of buying a pre-owned car. I like how you mentioned that you don’t have to pay for all the new car fees like delivery or handling. My husband and I are looking at getting a car sometime soon.

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