Buying a car can be overwhelming no matter how you look at it. One
of the biggest decisions most buyers face when purchasing a vehicle is whether to buy a car used or new. While new cars are appealing in the sense
that they're shiny, can be customized, and are previously untouched by
anybody else, it still remains the more logical and less stressful
choice to purchase a used car. Here's why:
Price
Remember the old saying that a new car loses thousands of dollars in value the moment you drive it off the lot? It's still true, and it's why used cars are better bargains. If you buy a car that's one or two years old, it'll still depreciate, but you'll lose less money less quickly. And you'll avoid that big initial hit that the previous owner took.
Avoiding Useless Extras
When you buy used, you may not get every feature you want, but you certainly won't end up paying extra for things you didn't ask for. On the other hand, when you search for specific features that you do want in a used car, like a sunroof or navigation system, you'll pay far less than the original owner did.
Lower Registration Fees
In most states, the rate of your annual registration fee is based on your car's value and its model year. In Colorado, for example, registration fees fall dramatically during the first few years after a car is manufactured.
Miscellaneous Fees
Instead of caving to dealer fees and buying new, you take on a more powerful role when you're in the market to buy a used car. You have a much better case for negotiating when you can tell a private seller you might just walk away from their old car.Â
Price
Remember the old saying that a new car loses thousands of dollars in value the moment you drive it off the lot? It's still true, and it's why used cars are better bargains. If you buy a car that's one or two years old, it'll still depreciate, but you'll lose less money less quickly. And you'll avoid that big initial hit that the previous owner took.
Avoiding Useless Extras
When you buy used, you may not get every feature you want, but you certainly won't end up paying extra for things you didn't ask for. On the other hand, when you search for specific features that you do want in a used car, like a sunroof or navigation system, you'll pay far less than the original owner did.
Lower Registration Fees
In most states, the rate of your annual registration fee is based on your car's value and its model year. In Colorado, for example, registration fees fall dramatically during the first few years after a car is manufactured.
Miscellaneous Fees
Instead of caving to dealer fees and buying new, you take on a more powerful role when you're in the market to buy a used car. You have a much better case for negotiating when you can tell a private seller you might just walk away from their old car.Â
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