When you find yourself in need of a new car, it may be tempting to go straight to the brand-new models available right now. These are always a viable option, but you should understand that if you ever decided to resell this car in the future, you will not be able to sell it at the value that you paid for it. In fact, the value of your new car decreases the moment you drive it off the lot due to depreciation. Imagine one fourth of the price you paid for your car dropping off its value instantly, for no other reason than the fact that you got in it and drove away. Rather than worrying about this frustration, consider investing in a second-hand car instead. The benefits, not to mention the price, associated with this option far outweigh any shiny new gadgets found in a brand-new vehicle.

used-car-buying-tip

Lower Price

Used cars, even those that are just a year old, cost thousands less than brand-new options. Especially if you are on a tight budget, you should not be forced to spend as much as $61,000 AUD just to get a new set of wheels. When you choose to go for a used car, you instantly knock $10,000 or more off the price without having to do any bargaining. That is a significant difference, and this price difference is the biggest reason millions of Australians look for second hand cars in Canberra. The thousands you save could be put toward bills, home renovations, or even holiday plans.

Reliability

The right car dealerships will ensure every car they sell has been thoroughly tested to ensure it is just as road-ready as new cars. Today’s cars, trucks, SUVs, and vans simply last longer than those of the past, meaning a car that is one or two years old is unlikely to run any worse than it did when it first left the lot. The average car, with proper maintenance, can last up to a record high 11 and a half years before needing replacement. For this reason, you can rest easy knowing the car you buy that is one, two, or even three years old is by no means any less reliable than the brand-new cars on the market.

used-vehicle-1

Financing

While it is true that you typically pay a slightly higher interest rate on a loan for a used car, historically low rates mean that a slightly higher interest rate on a used car is still not enough to stop you from saving money with this purchase. On top of a lower price, your options are likely to be more varied and affordable than they would be for a new vehicle. The money you save on monthly payments and for the car as a whole make the choice to buy a second-hand car quite attractive for many Australians.

No matter the reason, buying a used car will simply make your life easier. Even if you have the budget for a brand new car, you don’t need to spend the money just because you have it at the moment. You may end up needing this money for unforeseen circumstances in the future, such as an unexpected hospital stay. Buying second hand will help you save and ensure you can always afford to enjoy your car.

Comments are closed.