A sleek new car is alluring to the eyes. The enticing television ads can draw you into the dealership to make a purchase. But do you need to buy a new or used car? Some dealers have attractive financing options for a new car, but it also comes with all the bells and whistles. So, as you prepare to make a decision on your next purchase, what are the other options? Used Cars!
The reasons for buying Hubballi-Dharwad used cars are many. Buying a used car from a dealer can save you a lot of your money. Besides saving you money, buying a used car can provide the same satisfaction as a new car. If you make an excellent choice, the vehicle you buy from a used car dealer can provide you with a great service for many years.
1. Make huge savings when you buy a used car in Hubballi-Dharwad
A car that has hit the road for a couple of years costs considerably less than a new car of the same make. On average, most of the used that are still in perfect condition may cost almost 50 percent lower than a brand new car. Therefore, it means that you will afford to pay for a used car faster than you would with a brand new car. Most of the people switch cars after about five to six years. So, if you paid $10,000 for a used car in perfect condition instead of $20,000 for a brand new car, then you need purchasing a used car.
2. Much of the depreciation has already occurred
Most of the consumers are always complaining how quickly brand new cars depreciate. Most of the brand new car’s value will drop by a staggering 10% the moment they leave the lot. That means that if you bought a brand new car worth $20,000, the car would be worth less than $18,000 when it gets home. The value of the brand new car continues to drop significantly with every passing weeks, months, and year. Within three to four years, the value of a brand new car could have decreased by 30% to 40%. The major benefit of buying a used car is that the bulk of the depreciation has already occurred. So, why not buy a used car at an affordable price that will help you keep some change of your hard earned dollars!
Whereas some of the brand new car dealers have excellent credit facilities, some individuals will be locked out due to poor credit scores. Bad credit scores will hamper individual’s ambitions of purchasing a brand new vehicle. On the other hand, buying a used car will not have any challenges used car dealers are far more accommodating to people with poor credit rating.
4. You get to pay lower insurance premiums for used cars
If you are involved in an accident with a brand new vehicle, the insurance provider will pay for the value of the car at the time of the accident. Therefore, it leaves a huge gap between the purchase price and the current value of the car. A car owner will be forced to take a gap insurance which pays for the difference. It, in turn, increases the cost of insurance to the car owner. With a Hubballi-Dharwad used car, you don’t need to purchase gap insurance since the car has already depreciated.
Brand new cars have the advantage because they come with a ten-year warranty or 100,000-mile warranty. But the good news is you don’t have to buy a new car to enjoy the warranty. You can opt to have the warranty transferred when you buy a used car. Therefore, it means that if you buy Hubballi-Dharwad used car with 30,000 miles on it, you still have 70,000 miles warranty for the car.
What to look out for when buying a used car
When you buy a used car, you need to pay close attention to the following items to ensure that you get a great bargain out of it.
• The condition of the tires.
• The state of the brake pads
• The state of the shock absorbers
• Wiper blades
• Air conditioner re-gas
• Roadworthy certificate
• Full-service history
• Check out for dents and dings
It is always recommended to go with your mechanic to the dealer shop to confirm the condition of the car you are using. If you are lucky enough to find Hubballi-Dharwad used car that has all the above items in place, then you should grab it immediately.