Advantages and disadvantages of Buying Used Cars
- Date: 2007-06-11 - Word Count: 401
Share This!
Since purchasing a car is the next financial investment made other than housing, it is important to determine if buying a used car is worth your money.
Here is a list of the disadvantages of used car buying:
* The options of cars are limited, so the search for the right vehicle could be lengthy.
* The buyers have no idea how the car was treated. Used cars usually have worn consumables such as hoses, tires, shocks, filters, fans and clutch.
* Although used car dealers provide a warranty, it is only limited to a couple of months unlike purchasing a new car with full warranty. Certain maintenance on your purchased used car could be more expensive.
* Purchasing a second-hand vehicle would offer you a lower trade-in value.
* The main disadvantage of purchasing used cars is that it has an unknown quantity. Whether the dealer has worked the vehicle to make it attractive for the test drive, the buyers are still unaware of the repair bills, economical issues, and its reliable transportation.
* It is difficult to negotiate fair financing terms on an older vehicle.
Advantages - On the other side, buying a used car could benefit the buyer in several ways:
* The original owner of the car received the depreciation hit. The market value of the new car decreases from year to year. An average 30% of its value within three years from the time it was bought, so buying their car would save you a lot of money.
* Unlike purchasing a new vehicle with high insurance fees, you will receive a lower cost of insurance if you choose to buy second hand cars.
* Although buying new cars and used cars both provide loans, lease, or money-saving the majority of dealers who sell second hand cars often have shorter loan terms.
* If your investment is decided based on appearance and gas mileage, choosing a second hand car would guarantee the value and reliability it has provided over the years.
* A used car would provide your dollar more flexibility. Compared from buying a new car that would eat all your finances, buying a second hand car would allow you to purchase other accessories such as air conditioning that would cost approximately US$200 to $900 extra.
Buying your used car could waste your money if you fail to do your research, compare dealerships, and be aware of the car's market value. Be a wise used-car buyer.
FREE Car Information Resources
Related Tags: used car, new car, used cars, second hand car
Your Article Search Directory : Find in Articles
Recent articles in this category:
- Improve the Value of Your Truck With a Truck Bed Cover
If you are a truck owner and are looking for a way to increase the value and also protect your inves - An Overview of Emergency Road Services
Anyone that owns a vehicle definitely understands that there are truly countless facets of driving a - Buying From Car and Truck Auctions in Canada
Buying a vehicle from an auction can be a good way to pick up a bargain as long as you know what you - 2011 Green Car Of The Year- Who's In It To Win It!
The Green Car of the Year award is a program designed by Green Car Jouranl to recognize and honor ve - Honda's 2010 Odyssey is Efficient, Practical and Convenient
If you are looking for a minivan that has a seating capacity of up to eight persons and handles almo - Greener Trucks For Delivery Work
Green' is a word you'll hear a lot when it comes to transportation, from bicycles to buses - but you - The Courier and Haute Couture
Some jobs just ooze opportunity to flaunt yourself and show off your latest togs but sadly that's ra - All-New 2011 Toyota Camry
The Toyota Camry has been a continuous leader for years in the family midsize sedan class by being a - The Various Benefits Of Summer Tires
As you probably know , different tires are optimized for different conditions. Not only that, someth - A Couple of Tips on Buying a Used Cars in Toronto
If your old car has finally kicked the bucket and you need to get yourself a new mode of transport t
Most viewed articles in this category:
- How to Remove Window Tint
Applying tinting film to car or household windows may be fun, but removing it can be tricky if yo - Transporting Your Car
If you are relocating to another state or another country for employment or family reasons, you may - Choosing The Right Sticker For The Motorcycle Helmet
When people decide to buy a motorcycle, the dealer will usually throw in a helmet. This is because s - Suzuki's 2007 Xl7, “wave” Grand Vitara Debuts at the 2007 Scias
In the news: American Suzuki Motor Corporation has presented its array of cars and SUVs at the 2007 - Nissan Skyline GTR: A Racer That Is Affordable
If you've ever eyed a Porsche 911 or a Ferrari Testarossa, but thought the price was too steep, the - How To Buy Cheap Cars
There are a number of seized car auctions held in various places every month or at least quarterly. - Federal Agencies Expands Hybrid Fleet
Three federal agencies in Kansas recently added hybrid vehicles to their fleet. The hybrid vehicles - New Cars, New Gadgets Presented at the 2007 Naias
The 2007 North American International Auto Show has become an event of glamour, fashion and technolo - Aura Green Line Added to 3 Federal Fleets in Kansas
Three Kansas City area federal agencies added Monday the new 2007 Saturn Aura Green Line hybrid vehi - Top Vehicles by Autoweek Editors Honored at 2007 Naias
Everybody has favorites. Bill may like Ford cars. Susan may be attracted much by the power of pi