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Why Buy A Used Car?

Jul 25, 2008
Looking at buying a car, and trying to decide whether to go new or used? You're not alone. Many people make this decision everyday. In this article, I'd like to convince you that buying used is the best way to go for most people. You may disagree, but you should at least think over the points represented here.

First of all, though, lets talk about why you might want to buy a new car. For many, the best reason to buy a new car is the peace of mind you get from getting a never used vehicle with a warranty, support plan, and everything. You know that the car has never had any major problems, been in an accident, or anything, which is a really great feeling.

Others like owning a car with all the latest features. A new car will stay up to date longer than a used one. New cars often come with really good finance plans, as well, which make then easy to buy for many. In short, new cars have quite a few positives going for them.

In fact, there is only really one downside to buying a new car, but it's a big one. That downside is money. All other things being equal, you will spend much, much more on a new car. How much more? Well, it's impossible to say in every case, but the main concept to consider is the a used car will sell for sixty five percent of its original value after five years. This means that if you have a $30,000 car, it will sell for about $10,000 in five years, meaning you're loosing $4000 dollars per year in depreciation. Ouch.

Buy a used car, and you get to save all of this money. What's more, you'll also save on insurance, because you're insuring an older car. If you do the math, you'll find this savings is huge.

What about reliability? One of the best parts about a new car is the fact that you're covered by a warranty for all repairs. However, I think you'll find that incredible cost savings will more than cover any conceivable repairs you might have to perform. Also, a car just five years old isn't likely to have many problems, assuming the car is generally reliable.

So, I think you can see how much you could be saving by purchasing your next car used. It won't be for everyone, but for the majority of people will be making a wise choice if they choose to buy used.
About the Author
David Wilson is the owner of Cheap Used Car Central. Visit to learn more about buying used cars, and browse our great selection of used car listings.
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