Used cars for sale: 8 benefits of buying used cars

Everyone loves to buy a car, which, after all, becomes your precious long-term asset. However, is it always a prudent decision to buy a brand new car! Surely, a new car gives you that special social status and comes with a kind of luster that is hard to match. But more than the merits, it has its demerits. A new car can be an expense that may be too heavy for your shoulders. It certainly costs a whopping amount. But apart from its retail price, you also have to consider the cost of insurance, cost of loan and other service costs.

A new car, as compared to used cars, suffers greater depreciation in the first year. Thus, your value for money goes down quickly. In fact, a new car looks new only in the first few months. After the initial phase has passed, it doesn’t enjoy any visible advantage over an old car. Hence, most people these days look for used cars for sale. Buying a used car can be extremely advantageous to an average person who has a limited source of income. 

Here are 8 chief benefits you get when you buy an old car:

i.                    Low price: As explained above, buying a used vehicle will definitely put less pressure on your pocket. Thus, you can instantly save a lot of money.

ii.                  Owning a car becomes a possibility: Some people who have low incomes cannot afford to buy a new car irrespective of the model or brand. They simply cannot invest their hard-earned savings into an automobile. But since an old car can come at a fraction of the original cost, their dreams can very well become a possibility. Hence, used cars let even those people own a car who could never have done so otherwise. 

iii.                Getting a better car: At a specific budget, you have the option of buying a new Honda or an old Porsche. Thus, a person can easily get a superior car if he is willing to buy a used version. 

iv.                Less depreciation: A new car will suffer from greater depreciation while the initial depreciation has already been made effective in older cars. This is another financial advantage which prompts men to look for used cars for sale. 

v.                  Tax: New cars demand sales tax in addition. Most states usually waiver off this tax if the car in question is a used one.

vi.                Low registration fee: The registration fee is usually higher for new cars (since they have higher values) and lower for used cars. So, the latter is always preferable my many over the former.

vii.              Reasonable condition: An old car is not necessarily in a bad condition. Most of them are just a few months or a couple of years old and their condition is as good as the new one. Even a 10-year old car may be in a first-class condition if it has received good maintenance. 

viii.            Better negotiation: Dealers can be difficult to tackle when you are going for a new car. But when you are eyeing used cars for sale, then your power to negotiate and bargain automatically goes up. Visit www.jitcar.com/ for more services!