Importance of Buying a Used Car Over New Cars Before purchasing a car, you need to do an intensive research since buying a car is an expensive and a serious thing to do. There are many things you need to consider before buying a car, including cost, specifications, car insurance and payment procedures. The problem arises when you are looking for a car to buy and this is where many individuals faced with the problem of purchasing a used one or a brand new one. Perhaps a brand new car seems like the obvious option; however there are a few rather important advantages of purchasing a used car, including the cost, insurance and maintenance, that need to be taken into consideration by everybody who considers that new vehicles would be the better choice. Low price tag is the most important and obvious advantage of selecting a used car over a new one. There are great versions of used cars with great performances at very low prices if you will opt for used cars. For instance, you could purchase a used sports car that cost more than $80,000 a few years back, as it was brand new, for as little as $40,000. Brand new cars always starts lose their value the moment they are out of the dealership. When you talk about depreciation, used cars are more less affected compared to new cars. During the first couple of years you brand new car starts lose its worth hence worries of getting another one. If you purchase a used car, you don’t have to consider it losing a lot of its value, since it already depreciated when it was originally marketed as a brand new car. However, if you make a decision of selling the used car after a couple of years, you will be able to sell it in a pretty similar price.
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Another reason why you need to consider buying a used car is the reduced registration fee. DMV’s charge less for registering cars that are over five years old, and can be able to save a few hundreds of dollars a year like that. Moreover, used cars are not subjected to sales taxation, which, for brand new cars, is up to 7{53ea8b040b60e256ffda5520b177872b7fbe52970942769c05b25cbfd1062072} of the buying price.
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Lastly, used cars insurance is much more cheap compared to brand new cars insurance. New cars are expensive and have high value hence more expensive to replace the broken parts if the car happens to take part in an accident since the spare parts need to be new and the new ones are costly. To conclude, having a brand new car have some obvious benefits, but owning a used car has its own advantages too hence it is up to you to put into consideration above benefits before making your decision.