As People buy their new house with a lower budget, over a new house a brand new car might be the most expensive purchase that they ever make. In today's Generation new cars with additional features are more demanding, but due to their financial conditions they are not able to buy them. So, According to me a brand new car is an unnecessary expense of the people who are trying to manage their financial responsibilities.
For the first few years of your brand new car You have to add up thousand of pennies for the ownership. And if you take out a loan for a car than you end up upside down for it.
On the other hand, if you buy a used car as around two or three years old and has done 40,000 miles than it can save cash in your pocket without sacrificing its quality.
Here are some benefits of buying a used car over a brand new car.
1. Used Cars: Lower Budget And Less Devalue
You must hear old epigram that a new product loses thousands of pennies in value at the moment when you take it. It’s still true, that's why used cars are better bargains. Yeah, it’s nice to ride a car.
Yeah! It feels good to ride a brand new car, but that car doesn't come with a lower price. According to the Bankrate reports, the average of selling new car is lesser than the used car.
Some of new cars also lose 40 to 50 percent of their value during the first year, which means to spend more pennies for it. On the other side with a used car it still depreciates or lose their value, but we lose less money.
2. No Taxes On Used Car
As you are going to buy a new car then you have to owe sales taxes for it whether you buy it from Private Dealers.
While on the other side if you buy a used car from a private seller you don’t have to owe any sales taxes. The sales tax that dealers add to the price of brand new cars can be more than thousand of pennies.
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So its better to buy a used car for no sales tax.
3. Wide Range Of Varieties
If you buy a used car over a brand new car, you will be having a wider selection of catalog to choose your car model because in used cars there are many varieties with new technologies. There will be no limitation of models which were designed over the past two years or one year.
4. Safety Features
A Few years back, when people used to buy a used car than they have to add some safety features like anti lock brakes, side curtain airbags, but nowadays all the safety features are in it because the model manufactured after 2010 were having all the safety features.
As one of my friends bought a used Rolls Royce Car model 2013 in which all the safety features were available. Till now he is still using that car and he didn’t face any problem yet.
I wrote this article so that the people who sees the dream to ride a luxury car but can't afford it can make their dream come true with this information. If you like my article you can comment below, or you can also share your stories.
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