Even with all the financing options available, finding a new car that’s priced within your budget is quite challenging. Sometimes, your best choice is to buy a used one.
There is no denying the fact that brand-new cars come with a variety of advantages. But, you’ll be surprised that used vehicles also have their fair share of benefits. Some of these plus sides include the following.
Having a warranty for protection against a vehicle’s defects is well worth the premium that you pay. And since most manufacturers now offer Certified Pre-Owned (CPO) programs, buying used cars today has become much less worrisome.
All manufacturer-certified vehicles include warranties, although the mileage and time covered may vary. They also often come with perks, such as free roadside assistance.
Lower Annual Registration Fees
In most states, the rate of the annual registration fee depends on the car’s value and its model year. While the rate is highest in the first three years, it’ll level off in the next five years. To avoid new and annual registration fees, buy an auto that’s at least three years old. You may also want to look for the best vehicle extended warranty out there.
Lower Insurance Costs
Your vehicle’s value is the primary item that your insurance company looks into when determining rates. The more valuable an auto, the greater the amount you have to spend in case of a wreck. With a used car, you don’t have to worry about that since it costs less to insure.
Buying used autos does have its advantages. But, before going to a dealership, do some research first. Browse through local automotive classified ads to find the best deal. You may also want to search online to get an idea about current market prices, sales, and the make or model that you can buy based on your budget.
Since they have already been used, pre-owned autos generally come with a history. To avoid buying one that has hidden maintenance issues, ask for the history report before making an offer. You may also get a certified mechanic to inspect the car for any problems that have never been addressed.
With the wide selection of used autos available in most dealerships, you can finally purchase your dream car but without spending so much money. For your protection, consider buying an extended vehicle warranty.