Surprising Advantages of Buying Used Cars for Sale
Most people know that used cars cost less compared to new vehicles but what other advantages can you expect when buying used? Here are a few surprising benefits.
Used Cars Tend to Have Fewer Hidden Fees
Used cars cost much less compared to new vehicles. In fact, the average used car price is about 50% less compared to new vehicles on the lot.
When you purchase a used car, you also have fewer fees and charges to deal with, such as shipping or destination fees. These extra charges add up quickly.
As used cars rarely have hidden fees, the final cost is often closer to the sticker price.
Thanks to the lower costs, you may not need a significant loan. Those with existing credit issues should find it easier to obtain approval for a car loan.
Most of the Depreciation Already Happened
Another reason to shop for used cars for sale in Canberra is the savings. As soon as you drive a brand-new vehicle off the lot, the value drops about 11%.
If you buy a new car for $25,000, it is only worth $22,250 by the time that you get home. In the coming months, it experiences additional rapid depreciation before gradually stabilising.
With used cars, most of this depreciation has already happened. In addition to already low prices, you take less of a loss if you need to sell your vehicle in the next few years.
You Have a Larger Selection of Cars to Compare
The lower prices tend to provide car shoppers with a greater selection of options in their price range. You should have no problem finding a vehicle that matches your specific needs and budget.
For example, if you want to buy a new ute, you may only have a few models to choose from. When shopping for used cars, you may find 2015, 2016, 2017, and 2018 versions of each model, instantly increasing your available options. While some of the earlier releases may not include the latest features, they come with lower prices.
Avoid the Higher Cost of Add-ons and Special Features
Dealer add-ons give you a way to customise your vehicle to fit your specific preferences. You may add protective film or an anti-rust coating to the body or add pinstripes to the sides. Unfortunately, you pay more for these features when adding them to a new car compared to getting them from an aftermarket installer.
Along with add-ons, new cars often come with different configurations or available features, such as sunroofs or state-of-the-art infotainment systems. When shopping for used cars, you may find options that already have these features.
These are only a few of the reasons to consider shopping for used cars. If you are worried about the high cost of a new vehicle, start browsing for used cars in the Canberra area.