Why Buying Used is Right For First-Time Buyers

Why Buying Used is Right For First-Time Buyers
0 comments, 08/06/2018, by , in Tips and Guides

Purchasing your first automobile? This is an incredibly exciting purchase and one that you will always look back fondly on. It is important that you take the time to identify the right automobile so that you can start your driving career with confidence – in most cases, this will be a used car. What a first-time buyer requires from their vehicle will vary drastically from a more experienced driver, so here are a few reasons why you should opt for a second-hand.

Affordability

The most obvious reason is that it is much cheaper to buy a used car than a brand new one. This can be particularly important if you are a young driver and/or if money is an issue. There are many excellent reliable used cars available which make for terrific first-time purchases.

buy a used car

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More For Your Money

In addition to this, the affordability also means that you can get more for your money when you buy a second-hand vehicle. Instead of buying a very basic brand new car, you could afford something towards the top end if you opt for an older used model.

Cheaper to Insure

Insurance is a huge expense and especially for first-time drivers. There are a number of factors that will determine your insurance premium, but one is the current value of your vehicle. Older cars are worth much less than a brand new car and, therefore, are cheaper to insure.

Lower Depreciation

The rate of depreciation tails off after 3 years so you can avoid the biggest financial hit by purchasing a second-hand vehicle. This is important because most new drivers will want to upgrade their vehicle after a few years so you can avoid a large financial hit by going used.

Damage Impact

If you were to purchase a brand new vehicle only to crash it shortly after it could be a real nightmare and especially if the car is on a finance agreement. Crashing a much older, second-hand car, however, is not as much of a big deal so many new motorists feel more confident behind the wheel of a used vehicle.

As you can clearly see, purchasing a second-hand vehicle as your first car makes sense for a number of different reasons. It is important that you find a high-quality and reli-able vehicle, which means that you should always purchase from reputable dealer-ships, and this will be a great way to start your driving career.

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