8 Reasons Why You Should Invest In A Used Car
There is no point in saving your life on a new car. Not when a second hand car can do it all. Plus, a used car is cheap! Here are some reasons why we think you'll get more bang for your buck if you buy a second-hand car instead.
Used cars that have not suffered much wear and tear can be seen on the exterior. This means you don't have to spend too much and at the same time, you don't have to compromise on looks. Good maintenance and a little detailing at your service centre can make your car spike and span.
New vehicle owners have to pay road tax and registration fee. However, used car buyers are not required to make such payments to the government. All the reasons to love used cars.
Just like maintenance expenses, which you will have to avoid from time to time as a car owner, another essential payment that you need to pay attention to is the insurance premium. In India, your car needs to be insured like every other motor vehicle on the road. There is no way around it.
Insurance cost is an important factor that you need to consider when buying cars. In most cases, insurance premiums for new cars are higher than for old ones. Because the market price of new cars is high. Another reason why used cars help us save money.
However, note that this may not always be the case. Newer cars have improved safety features so technically the chances of road accidents are less. The insurance company will have more peace of mind in the hope that they won't have to pay your claim. Hence the premium is low.
But on average, you don't have to pay a huge amount in insurance premiums with used cars. Also, older vehicles are less likely to be stolen. Thieves will take one look at your second hand vehicle and move on.
New cars depreciate quickly. Less than half of the depreciation a car endures over its lifetime occurs in the first year of purchase. But after a few years, the car will not wear much. Many luxury cars are notorious for depreciating too quickly in their early years.
This means that the rate of depreciation will decrease as the years go by. So, the silver lining of used cars doesn't diminish much. At least not a lot. So you won't have to spend a lot of money if you own a second hand vehicle. Luck we say.
You always have the option of buying an authorized used car. This means that the second hand car you are buying has been inspected beforehand. Also, any damage to the car will be repaired.
Car companies have standards they use for certification. Based on the age of the car and the mileage recorded on the odometer, your dealership will certify your car. A Certified Pre-Owned Car (CPO) offers many benefits such as the option to return it, manufacturer's warranty and roadside assistance.
If the car is cheap, you don't have to worry about it getting dented or scratched. And let's not forget how nerve-wracking it is to safely transport your sedan to and from work every day. You will be tormented by constant fear; Will it scratch? What about my fatigue? What if a careless cyclist hits it and the paint chips off? There is less reason for road rage with a used car. You can take a break from venting your anger on cyclists and your fellow motorists. My friends, don't worry. Buy a used car.
There is a lot of transparency in the market now. You can even get your hands on the service history of your future car. Also, the dealership you buy the car from can give you a full or partial warranty. The warranty will cover most engine faults that may occur. In the event that they cannot fix your vehicle, they may even get you a replacement. Warranty on used cars can be up to 3 years.
Newer cars can seem environmentally friendly, with better exhaust systems and more fuel-efficient engines. But if you put sustainability first, you'll have to go one-handed. This is because the carbon emissions from the vehicle take place during the production and initial logistics stages. So, you can do your part to reduce the damage to the environment by buying a used car.
So next time you need a car don't think twice. Buy a used car. Who needs all the bling anyway. Make sure you inspect the car thoroughly before putting down the money. Or better yet, hire a mechanic to do it for you. This means you get what you sign up for and nothing less.
Here's more good news! Heinz Motors provides inspection services for your second hand cars.