You are now one step closer towards having the car of your dreams. As you are reading this, you may already know by now that in Canandaigua, you will find numerous car dealers that offer both used and brand new vehicles, such as Vision Nissan. You may also currently be in the process of researching whether or not you should buy a used car or a brand-new one. You’re in the right place because here are the reasons why you should choose used cars instead:
1. You will suffer from less depreciation:
When you buy a brand-new car, you are paying for its full retail price. But did you know that the moment you step out of the car dealer to go home and take the car with you, the value of the vehicle immediately depreciates to at least 30%? This means that 30% of the amount you paid for has already been wasted due to depreciation, simply because the moment the car is bought, it is already considered a second-hand car.
When you purchase a used car, you aren’t wasting money on this 30% automatic depreciation because the car is already depreciated and has been used before. Financially speaking, it is wiser, therefore, to buy a used car.
2. You will be paying for lesser insurance costs:
The basic equation for you to remember is this: the higher the value of the car, the more that you will have to pay for insurance as well. This insurance expense is a fixed one, over and on top of all the other maintenance costs that you will have to pay for the care and preservation of the car. If your budget is going to suffer excessively, then it is best for you to go for the option that has lesser costs in terms of the insurance. Because second-hand cars have a lower value, you will be charged a smaller amount for the insurance coverage as well.
Apart from insurance, you will also enjoy a lesser cost of registration.
3. You will be paying less for the purchase price itself:
Buying a car is one of the most expensive financial burdens that you will be going through. Before you head out to Canandaigua to buy a car, give it a thorough think-through first as to whether or not you really can afford to pay for a brand-new car. If it seems like it’s going to hurt your budget too much, then going for a used car is the better route to take.
Don’t worry about the quality, because gone are the days when used cars are associated with bad quality. You can still have a car of excellent quality for a lesser price than a brand-new one. Remember, a car isn’t worth getting into so much debt for.
4. You can choose a better model:
Because will be saving at least 30% of the price that you would initially be paying for if you opted for a brand-new model, you now have the chance to buy a better brand and model in Canandaigua. Your options for the budget you have initially prepared are now broader, and you might just be able to afford that car you first thought you couldn’t. Wouldn’t it be nice to be able to upgrade your purchase to a better model?
5. You will generally experience more peace of mind:
When you buy a brand-new car, you become overly conscious of even the smallest scratches that it could get. Naturally, you want your vehicle to remain in pristine condition as you paid a high price for it. Plus, repairs for a brand-new car can also be more expensive in some cases. For example, fixing a dent might cost more for a brand-new car than for a used one.
With a used car, you wouldn’t be too conscious of the smallest dings or dents. Because you paid a lesser price for the car, it wouldn’t hurt you too much if you suddenly see a scratch on your car after leaving it in public parking, for instance.
Now that you have this breakdown, here’s to hoping that you aren’t as anxious and doubtful as you used to be about buying a second-hand car instead of a brand-new one. While there are pros and cons to both, it all really boils down to your personal preference. Now that you are going to Canandaigua to shop for cars, these tips will, hopefully, open you up more towards buying a used car.