Buying used cars in nyc has never been easier because of the benefits of getting a used car.

Depreciation Rate
One of the reasons why people avoid new cars is because of their depreciation during the first few years. Thiruvananthapuram used cars are not affected by the drop in value during the first year. A new car loses 20% of its value as soon as it is driven for the first time. It will lose another 10% after the first year. The value of a new car decreases by a third of the initial value at the time of purchase within the first two years. You will be amazed by how much it will depreciate during the first couple of years of ownership when you buy a new vehicle.

This could be disadvantageous to you if you have taken a car loan to finance the vehicle. You might find yourself with negative equity because the car depreciates very fast. You will owe the lender the full amount of the car when you pay a down-payment on the loan. This can seem unfair considering that the value of the car goes down when you drive it. You will end up paying the full purchase price even though the car will be worth a lot less. It would be better if the drop is factored in when the calculations are made. This is usually not the case. You will be able to get quality without spending a lot of money when you compare this to a car that has been used slightly.

Sales Tax
Car dealers do not indicate the sales tax when they try to get you to buy a new car. This is because they do not want to scare you off with the amount. The sales tax on a new car could add a few thousand to the final price of the vehicle. It is advisable to check for the sales tax before you buy the car. There is no sales tax involved in the case of a used car. You do not have to worry about the fee. This helps to lower the cost of buying a used car.

No Extras
One of the tricks that dealers use to get people to buy a new car is by installing additional features. It could be a protective coating, a pinstripe, or a fancy navigation system. They overprice the features so that they can make more profits. The fact of the matter is that you can get the add-ons at a lower price from an after-market shop. This is another disadvantage of getting a new car. These features do not affect the resale value of the car. This is advantageous to buyers of used-cars because they get the extra features at no additional cost. You will not pay for extra items that you do not want to be included with the car when you get a used car. You will pay less for them than the original owner if you are looking for a car that has specific features. These built-in features will be available to you. They will not be considered in determining the valuation of the car.

Registration Fees
There are certain fees that you are required to pay by the government when you buy a new car. The rate of the registration fee is dependent upon the value of the car. These rates fall after the first three years of ownership or three years after the manufacture of the car. The rates are highest during the first three years. You may not have to pay the high fees depending on the age of the car when you get a used car. It is important to note that you will have to pay the fees when the rates are highest in the case of a new car.

Condition
The quality of manufactured cars has been on the rise each year. Cars are really good, and they can last for a long time. The upper limit for the mileage of a car was a hundred thousand miles. The number has increased greatly. It is said that a used car can be considered to have a second life when you get it. There will be no difference in the performance of the car and when it was new when you buy a used car. It is also possible to get a used car that is in excellent condition and does not have any mechanical problems. You might also find that the warranty is still valid. This means that the manufacturer is mandated to handle any car repairs.