5 Advantages of Buying a Used Car Over a New Car
Deciding whether you should buy a used car? There are a number of advantages in buying a used car over a new vehicle. From lower initial costs, more consumer information available, to better financial rates and many other benefits. Read on to learn more about why you should buy used cars for sale!
Someone else takes the massive depreciation hit
That first-year car depreciation. How bad is it? On average, a new car can lose up to 30 per cent of its total value after one year. Within five years most vehicles will have lost roughly 60 per cent of their total value. The second you leave the car lot and drive off; your new vehicle will immediately be hit by depreciation. The good news for someone who chooses to buy used car models is that they can avoid the massive depreciation hit and buy at a lower price point.
Review consumer reports and choose the car model that works best
If you’re buying a brand-new car, how can you know for sure it will be reliable and not lead to any initial problems? While some brands are known for their quality build and reliability, manufacturing faults can occur during the early stages. When you choose to purchase a used vehicle, you can read consumer reports and gain a wealth of knowledge about the performance of the vehicle.
Lower car insurance rates
Car insurance is determined by a number of factors. Your age, driving experience, and the value of your vehicle all play a large factor in the car-insurance fee calculation. If you buy a used car, you won’t have to value your car at a huge amount which will save you money on running costs and annual fees.
Better vehicle finance rates
When you buy a used car for sale, there are still financing options available which offer a great rate. With the many flexible finance plans which allow you to apply for car finance online, you will be extremely satisfied with the finance options available. The price you pay for the quality used vehicle will be worth it in both the short and long run.
Quality used cars available at a lower price point
Buying a used car online does not mean you have to compromise on quality at all. You can buy a luxury used car without having to break the bank. At Industry Motors, whether you are looking for a family vehicle or a business vehicle for private use, you can see from our range the quality vehicles which we have available.
Visit our Auckland Used Vehicle Showrooms in Penrose and Takanini to see the excellent range of luxury used cars for sale. Our Vehicle Sales Consultants are here to help you find the right used vehicle for your needs.
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