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Pros and Cons of Buying Used Cars
It is very obvious that when you compare a brand new car and a second-hand used car of the same model side by side on a parking garage, you will certainly spot initial differences. And when a thorough inspection is undertaken to see closely how these two vehicles match with each other, more differences can be discovered. Well certainly, a used car cannot match the mileage reading of a new one. A used car is not as clean, as fresh and as smooth as new cars. And a used car cannot have the same level of performance with that of a new one for it has already covered several thousand miles of probably all kinds of roads.
However, all these differences are already given and there is nothing we can do about that. But, take all these and focus on the pros and cons of buying used car, you will arrive on the following points that would make you want to consider used cars after all:
When you buy used cars, of course, you don’t buy for the freshness and the honors of ripping off the plastics covers of seats, doors, etc. What you are after is the cheap price caused by the depreciation once the car has been used.
Here is the fact: once a new car has rolled off from the garage of the car dealer, the value of the car has started to decrease. And as the miles roll off, the value of the car goes nowhere but down. And on the first year alone, the car has already depreciated by as much as 30% from its original price. In other words, after a year, a car that has been bought at a $20,000 price tag now has a market value of more or less $14,000.
This is the top reason why most Americans prefer to buy used cars instead of new ones.
The good thing about depreciation is that you can take home a car even if you are low on finances of if you do not prefer to take loans you cannot promise to pay faithfully. The price also depends on the mileage of the vehicle which usually comes with the length the car was used.
New cars dealers sell the latest car model. If you prefer restoring old cars, you cannot get a 90s or even 80s car from them. Instead, you can look for different places where used cars are being sold.
Used cars are also easier to dispose in case you want to buy another one.
However, when you buy used cars, there are certain risks involve. An example is the car’s safety and reliability. Unless you personally know the owner of the car you are buying and the history of the car itself, there is a great risk of driving home a defective car. It is true that most car dealers should present car history on their buyers. But it should be noted that you should know if the car history matches the status of the car.
Used car can be hard and expensive to maintain. This goes with used cars age 5 years and up. Since there are several parts that should be replaced at a definite mileage, older vehicles are more likely to have reached the mileage limit and needs to have some parts replaced.
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