Why You Should Reconsider Buying A New Car
Here are the top 5 most compelling reasons to buy a used car rather than a new car:
1. Used Cars Cost Less
Used cars are far cheaper than new cars. The most important function of a car is to get you from point A to point B so why pay more for something that will essentially do the same thing.
2. Used Cars Hold Their Value Better
A car, used or new, will depreciate the older it is and the more it is used. However the minute you drive a new car of the lot it loses a significant portion of its value. This means if you go to sell your new car you will have already lost thousands of dollars. On the other hand, if you buy used, when you go to sell your car you will be able to get most of what you paid for it back.
3. Used Cars Are Environmentally Friendly
Hybrids are huge right now, partly because they are perceived as being eco-friendly, however the carbon footprint of building a Prius is so large that if you bought a huge gas guzzling Ford-150 truck used and drove it around for 4 years you would still have a smaller carbon footprint than the guy you who bought the new Prius. Its a lot like recycling.
4. Used Car Owners Pay Lower Insurance Premiums
By virtue of the cars total value being lower than a new vehicle, used car owners pay lower insurance premiums on their used cars.
5. Lower Repair Costs
After about 5 years most of the contracts car-makers have with part manufacturers what prevent them from selling the same parts they make for the car companies without the company label at deep discounts. That means that if you have a used car older than 5 years chances are if you need to replace a part it will be available form an OEM manufacturer for significant less than if you got it from a dealer.
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