Whether to buy a new or used car is a question many people wrestle with, while some of the wealthier among us would never consider purchasing a second hand car, for the rest of us, there are many advantages. Due to the fact that many motorists who do buy a new car, trade in their old one, which might only be a year or two old. Typically, the dealer would take the car in part exchange, offering the market value, and after the car has been through a thorough testing process, it is finally given a seal of approval and put on the forecourt for sale. If you have always been a new car driver, here are just a few of the reasons why used cars are better value.
- Price – A brand new car has a market price, and while you might have a very slight variation as the dealer tries to woo the buyer, basically the price is the same everywhere. Of course, a new car is never going to be cheap, but when you consider that as you take the keys and drive the car home, you have already lost 10-15% of the market value! After this initial drop in value, the car will steadily hold its price for the first year or two, providing it has a full service history and is not damaged in any way.
- Value – There is little difference between a brand new car and one that is a year old, and for this reason, you get better value if you buy a car in this range. You can expect to pay at least 15% less that the retail price for the new model, and although there may be tiny variations in the newer model, they are basically identical. One should always buy a used car from a dealer that is approved by the manufacturer to resell their vehicles, as then you will have a solid warranty. If you fancy something hi-end, there are dealers that sell BMW used cars in Leeds, and with a range of pristine vehicles at affordable prices, you really can’t go wrong.
- Eco-Friendly Practices – Buying a new vehicle is adding to the many millions of automobiles on the planet, but if you opt for a used car, you are making optimum use of a vehicle that has already been manufactured, and if everyone did that, there would be a significant reduction in car manufacturing.
- One Year Warranty – If you buy from an established dealer that is approved by the manufacturer, then you would receive a 12-month unlimited mileage warranty, which is a good as the cover on a new car. This is like a seal of approval, as the dealer would have put the car through a rigorous inspection before releasing it for resale, and it gives the buyer added confidence.
By following the above advice, you should end up with the car of your dreams, and if you have any trouble locating a reputable used car dealer, an online search will point you in the right direction.