According to our research, the majority of those shopping for a car will be looking to buy a used one rather than a brand new one. There are many different ways to pay off a car, but the more affordable option (by quite a considerable amount) will usually be used cars.
The various benefits of buying a used car are:
Lower Price Tag
A new car starts losing money as soon as you drive away in it, which is why you get a better deal when you’re buying a used car. It’ll still depreciate, but you won’t lose money as quickly and you’ll avoid the initial big loss (which is usually between 15-35% in the first year).
If you’re paying for your car monthly, your repayments will probably be lower and over a shorter time period, so you’ll pay significantly less for the vehicle, including the interest. Plus, you can avoid the sales tax that’s usually on new cars and costly dealer fees.
When you buy a new car from a dealer, they’ll almost certainly try to install additional options – for a price, of course. This could be protective film, anti-rust coating or flashy tech features. However, these extras would probably be cheaper if they’re installed afterwards and they’re unlikely to add anything to the car’s resale value anyway.
When you buy a used car, you don’t have to worry about saying no to all these specific (and expensive) features and if there’s something that you do want, you’ll be paying far less for it than the original owner did.
It’s fairly easy to find a used car that’s in “like new” condition. Cars are built to last for at least 10,000 miles, so you’re not sacrificing on reliability and condition when you opt to buy a used one – you can find one that’s scratch-free and in great mechanical shape, for a fraction of the price of a brand-new car.
A manufacturer’s warranty on a car can cover at least 3 years, or 60,000 miles (whichever it reaches first) and therefore give you extra peace of mind about the reliability of a used car if it is only a few years old.
So, if you’re looking to buy a car, buying pre-owned is likely to save you a significant amount of money. When you use a trusted used car dealer like AA Cars, you can find your perfect vehicle and drive away in a like-new car with a smile, knowing that you’ve got a reliable car for a fraction of the price.