Monday, September 13, 2021


Second Hand Car Buying Tips

Purchasing a car that is second hand is just fine. As is buying a car at full price. It depends on your budget and your desires. Some of us really want to drive a GMC Sierra 1500 sports utility vehicle for example and others may want to buy a pick-up truck. It is important to know that buying second hand does come with some benefits, so let’s take a look at why buying used may not be a bad deal. 

 A lower purchase price 

The first thing that probably comes to mind when thinking of buying a used car is a lower purchase price. And you're right, that financial reason alone may be enough to motivate you to buy a used vehicle. If you are on a tight budget or don't plan on investing a hell of a lot of money in a car, then buy second-hand. The purchase price is really more affordable compared to new vehicles

A wide range of offers 

The second-hand market has been booming for several years. The used vehicle market has a very diversified mix of availability. We see vehicles of all brands, from the most recent to the oldest and from the lowest mileage to the most worn. Devote some time to search with the criteria and characteristics desired and will most likely find something that will interest you. 

Low damping 

It is common knowledge that cars depreciate. When you buy a new car, it can lose half of its value within three years of buying it. Even though cars last a long time, the depreciation cost can be quite high with a new car. However, by buying a used car the impact of depreciation on your purchase is much less. 

An opportunity to get a good deal 

It is not uncommon to acquire good used cars in the market. Some people for example can sell their vehicle in very good condition due to financial problems. Others like having new cars and you can get those lease turn-ins or dealer trade-ins on vehicles that are in great condition plus substantially discounted from their original sticker prices. 

However, you must be careful when shopping! Do not hesitate to compare the different costs (price of the car, replacement cost of certain worn parts, etc.). If you can have an independent mechanic look it over before buying a used car that can give piece of mind that you aren't buying a lemon. 

More affordable insurance 

As you probably already know, insurance for used cars is lower than for new cars. In addition, some coverage options may not be mandatory for second hand vehicles. These include, among others, “all risks” or “collision risk”. 

A possibility of negotiation 

Prices are not necessarily fixed in the used car market. It's not like the new dealership. It is always possible to negotiate the prices and in addition, the fact that the car itself is second-hand is already a good argument. It is common to find small flaws and mundane (or not) imperfections in these cars. This will help you gain some leeway for negotiation with the seller. As long as you don't look too much and won't settle for anything less than a faultless car there is sure to be a used car that fits your needs and budget. 

Availability upon purchase 

If you are eager to get your hands on the keys and drive away this can be an argument for buying a used car. The availability is immediate, no long waiting times for delivery as many new car dealers these days have vehicles on back order rather than waiting for you on their lot. 

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