Wednesday, 28 August 2013

Used Cars Can Be a Blessing

Making the decision to buy a vehicle is a big decision for many people. Most people work hard and they need and want their money to work hard for them. When it comes to buying used cars, people want to find something that fits their needs as well as their budget. Selection is also a big factor for shoppers. Having a wide variety of vehicles to choose from is a major selling point for most people as well.

When it comes to buying a vehicle, people have many things to consider. Is it more beneficial to buy or lease? Are you in the market for a new or a pre-owned vehicle? Will you need to finance your vehicle or do you have enough money saved to purchase it outright? Many people tend to lean toward buying used cars for a number of reasons.

Cost is the biggest benefit when it comes to purchasing used cars. Customers will be more likely to save money not only on the cost of the vehicle but on the financing as well. People are more likely to have a smaller down payment up front as well as a lower finance price. Warranties are another benefit for customers. Often customers can get the original factory warranty transferred into their name if it has not yet expired. If you are purchasing a certified pre-owned vehicle you also have the option to purchase an extended warranty.

Insurance premiums are another benefit that comes from buying used cars. Because the vehicle value is less the insurance premium is usually less. Being able to purchase a certified pre-owned vehicle is another benefit to customers. These vehicles are required to undergo a rigorous cosmetic and mechanical inspection. The purchase of one of these vehicles guarantees the purchaser that the vehicle has not been in any major collisions or had any major damage. Often times there are special financing rates available on these vehicles.

Many customers look for deals that last past the purchase of their vehicle. Many dealerships will offer their customers discounts on oil changes, free vehicle washes, free shuttle service when they bring their vehicles in for service, or periodic discounts throughout the year.

Depreciation in value is another down side to buying a brand new vehicle. A new vehicle immediately drops in value the instant it is driven off of the lot. Most new vehicles will lose at least thirty percent of their value within the first two years of purchase. Customers are able to look up the value of their pre-owned vehicle in a value guide to see what their vehicle will be worth in the future. People can also look into a leasing guide even if they plan on buying. Lease payments are calculated on resale values so it can still give customers an idea of a particular vehicle's worth in the future.

For many people, used cars are what fit best into their budget. Doing research in the beginning can save owners a headache during the purchase process.

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