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What are the Essential Benefits of Purchasing a Used Car? Buying a car is among the serious and expensive buys that you need to take you time to do a comprehensive research before deciding what kind of a car you want to buy. There are many things that you need put into consideration before you buy a car including, the cost, specifications, car payment and insurance processes. When looking for a vehicle purchase, many individuals are normally confronted with the problem of purchasing a used one versus a brand new one. The obvious option is always the brand new car; nevertheless there are a couple of rather important benefits of purchasing a used car, like cost, insurance and maintenance, which need to be taken into consideration by everyone who believes that new vehicles are the better choice. The major and most evident benefit of selecting a used car over a new one is the reduced price tag. In case you opt to purchase a used car, then you can find a good model with great performances, in a really low cost. For instance, you could purchase a used sports car that cost more than $80,000 a few years back, as it was brand new, for as little as $40,000. Brand new cars always starts lose their value the moment they are out of the dealership. When you talk about depreciation, used cars are more less affected compared to new cars. During the first couple of years you brand new car starts lose its worth hence worries of getting another one. If you purchase a used car, you don’t have to consider it losing a lot of its value, since it already depreciated when it was originally marketed as a brand new car. If you decide to sell the used car you bought after using it for some years there are high chances of selling it at a fairly similar cost.
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Reduced registration fee is the other advantage to consider buying a used. You are able to save a few tens of thousands of dollars a year since DMV’s charge less on registering cars that are more than five years old. Additionally, used cars are not subject to sales tax, which, for brand new cars, is up to 7% of their purchase price.
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Finally, insurance for used cars is more economical in comparison to brand new cars. New cars are expensive and have high value hence more expensive to replace the broken parts if the car happens to take part in an accident since the spare parts need to be new and the new ones are costly. In conclusion, brand new cars have obvious advantages, but also possessing a used car has its own benefits and you need to consider this choice before making your final choice.