New cars are getting costlier each year, making them a very high-value purchase for a common man. Moreover, manufacturers are launching new versions of their successful models earlier than before. Due to this, a lot of modern cars are entering the used car market. With a plethora of options available in the used car market, you can find a suitable one for yourself which could ultimately prove to be a great bargain. So, in today’s article, we will discuss the top 5 five reasons to buy used cars.
New cars lose 8-10% of their value as soon as you drive them out of the dealership. Going for used cars means you have to pay a lot less than the original value of the car (depending on the year of manufacture and kilometres done). Your budget may afford you only a base trim or entry-level car on the new market, but if you shop used, that same budget can buy you something significantly fancier or better equipped.
There is a lot of variety in the used car markets. We all have different tastes, and maybe the car you want isn’t manufactured anymore. Luckily, the used market has you covered. You can get older models with ease in the used car market. You can even get discontinued engines or variants which are not available on the present generation of those cars. Also, you can get cars from higher segments in your budget.
Less insurance cost
Getting your used car insured will cost you a lot less as compared to a new car. That, along with soaring additional taxes and other clauses, makes a new car quite expensive. If you are lucky enough, you can get a used car, which is already under insurance for a considerable time. You can get it transferred to your name and save significant amount of money.
The primary benefit of a used car is the stress-free driving that you can enjoy without the jitters of getting that first dent or scratch you would never want to experience on a new car. You can also straight away start pushing your used cars to their limit, which you would hesitate on a new car.
Forget the old stigma that a used car has to have some defect or problem associated with it. Nowadays, people sell their old cars even if they don’t have any problems. They want to have the latest models due to which many people sell their old cars in perfect condition just to get a newer model. So, you can get well-maintained cars quite cheap.
These are the reasons to buy used cars. If you have car buying doubts click here to ask! Get the lowest price for car insurance here. For more such content stay subscribed to MotorOctane Youtube, Google News Facebook and Twitter. Also, follow us on Flipboard and Reddit where we have a discussion community.