Advantages of Buying a Used Vehicle
Are you in two minds whether you should buy a new vehicle or a used one? Well, buying a car is not an easy decision. On top of that, the “new vs. used” confusion may push you further towards the dilemma. In the case of a new vehicle, you are already aware of the advantages you may get. But if you are giving a second thought to buying a used car to keep your budget intact, we will help you with your final decision. In the blog post by Auction Direct USA, Victor, NY, we will discuss a few benefits you may get out of a used car. Keep reading to learn more why you should buy a used vehicle.
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Depreciation Is the Catch
If you plan to save some money while purchasing the vehicle, you surely can go for a used car.
When looking for a car, there is one convincing ground to buy used over a new one: depreciation. A new car loses 10% of its value the instant it leaves the lot and another 20% in the first year1. After three years of buying, the average car is worth 60% of its original value. That may be discouraging news for the original owner, but it is a fantastic deal for savvy used-car shoppers.
Pay Fewer Fees
While purchasing a new vehicle, registration costs, road taxes, RTO fees, and a few other expenses will be your constant burden. However, if you buy a used car, you will not have to worry about these costs because the previous owner has already paid for them.
Insure Your Vehicle at a Cheaper Rate
A dealership may require you to have full insurance coverage for a new vehicle that you are financing. On the other hand, if you pay cash for a used car, you may save money on insurance.
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You can visit our inventory to go through a wide range of used vehicles. If you are a resident of Victor, NY, you can visit our service page to learn more about us. If you have any further queries, contact us today.