It can be hard to resist the call of a brand new car, but it gets easier when you learn about the many benefits of buying used. Don’t rule it out just yet!
Used cars are big money savers, in a lot of ways. The most obvious is the lower purchase cost. There’s also the fact that registration fees and car insurance are much lower with used cars, so you save even more in the long run.
Plus, a car that’s even two or three years old has already depreciated by a lot, which means you pay significantly less than the initial MSRP and you get a higher percentage of your initial investment back if you decide to sell the car in the future.
You should also consider that if you buy a new car, your options are more limited by your budget. Looking at used cars from three years ago opens you up to higher end cars that you possibly can’t afford brand new.
Finally, look into certified pre-owned cars. They’re a little more expensive than regular used, but have none of the risk, and you get cool benefits like warranties and sometimes finance deals!