Are you considering buying a used car this year? Having a good car is a worthy investment, and making the right choice when purchasing your vehicle is something you should not ignore.
There are many alternatives you can go for when buying a car. A second hand or used car is something you want to consider when making that choice to own a personal car.
When buying a used car, you will need an attorney from Florida Lemon Law to stand by your side. This way, you can sue the seller or manufacturer for any defective parts in the car. Here are more reasons why you should consider buying a used car in Florida.
- Saves you money
We are all looking forward to saving some bucks when we walk into the showroom. While it is possible to save money when buying a brand new car, you save a lot when buying a second-hand car.
According to research by Kelly Blue Book, Americans spend around $36,113 when buying new vehicles and approximately $19,227 when purchasing used cars.
It means you can save almost have the price of a new car if you are buying in the second-hand market. It is that simple if you want to save money, you should always opt for a second-hand car in good condition.
As you know, nothing depreciates that fast like a brand new car. Sure, the moment you walk out of a showroom with a new car and put it on the road, it has already depreciated. The rate of depreciation in new cars is faster than that of used vehicles.
In just two years, a new car can lose up to 50% of its market value. So, when you buy a used car, you can still enjoy it for some years then sell it off to buy another one.
- You get the best car
When you go for second-hand cars, you get the best at a lower price. You will be able to buy a more expensive car than you would otherwise break the bank to have in your parking. It is also possible to get a used luxury car at the same price as a mid-sized new car.
You can be lucky to find a used BMW sedan for between $24,000 and $28,000 – someone might think you’re driving a new car. There is no significant difference when you grab a used luxury car or a brand new.
- Easy purchase
Buying a brand new car comes with a lot of stress. You have to process all the paperwork, and this is sometimes stressful because you may not have all the time.
When you buy a used car, the car dealer will process all the paperwork, including registration, financing, and taxes. All you have to do is sign up for the papers and get the car keys.
- Low insurance
If you are driving a used car, you are more likely to pay less on insurance. When calculating the insurance premiums for a vehicle, most insurers will always consider the car’s actual value. It means if your vehicle is worthless, you will pay less on premiums.
When buying a car, a used one should come to your mind because of the five primary reasons we have highlighted here. So, you can make that move and save money on your next investment.