4 Benefits of Driving a Used Car

When the time comes to change your vehicle, one of the first decisions to make will be whether to buy new or used. In an ideal world, most motorists would choose to buy new because people want to be the first owner of a vehicle, but this is not actually the best option. Instead, there are more advantages to buying used, such as:

1. More For Your Money

First, you can get more for your money when you buy a second-hand car. If you have a certain amount to spend then you will be able to afford a better car in the used car market as opposed to an inferior car which is new. Your money can go further which will allow you to get behind the wheel of a better car (even if you are not the first owner).

2. Avoid Depreciation

Another major benefit of purchasing used is that you can avoid the biggest deprecation hit. Vehicles depreciate by as much as 35% in their first year and over 50% after three years so you are taking an enormous financial hit when you buy new. Depreciation rates slow significantly after three years so you will not be losing anywhere near as much money if you buy an older car and later decide to sell. 

3. Lower Insurance

Another financial advantage to buying a used car is that insurance rates may be lower (depending on the model). There are many factors which are considered to determine an insurance rate, including the value of the car - a used car will be worth less than a brand new car which means that often insurance is more affordable when you shop in the used car market. 

4. Availability

Another huge advantage is the availability of vehicles in the used car market. This is a gigantic market and the internet has made it quick and easy to shop for second-hand cars for sale up and down the country. It is easy to find what you are looking for with a quick search online, such as a used Nissan, but you should always purchase from reliable dealerships for consumer protection - you can usually arrange finance deals and part-exchange your current automobile too.

These are the main advantages to purchasing an automobile in the used car market. Many motorists prefer the idea of buying new but this is not a smart move and it makes more financial sense to shop in the second-hand car market.