Next to a house, a car is typically the biggest purchase most people will make in their lifetime. But, buying that automobile doesn’t have to break the bank.Why buy a car?
The top five reasons to buy a used car:
Studies have shown that three- to five-year-old vehicles have already experienced the greatest percentage of their depreciation. In today’s harsh economic climate, used vehicles offer consumers the chance to save thousands of dollars or even affordably upgrade to a better class of vehicle.
A properly maintained used vehicle with service records is a real gem because any quirks or defects that might go unnoticed in a new car will have already revealed themselves and been corrected in a used car.
It’s an undisputed fact that today’s vehicles, unlike those made even 25 years ago, are truly built to last. It’s quite reasonable to expect, with proper maintenance, a vehicle to serve reliably after 200,000 km, 300,000 km or more.
- Kick the tires
People like used cars because they can see them, sit in them, try the options and drive them, which you can’t do when ordering a new car from a photo or option description. People like to see and touch what they are buying.
Perhaps a more costly aspect than maintenance for some vehicles is the cost to insure them for the road. Used vehicles can be less expensive to insure.
To sum up, careful research can lead you to an excellent and reliable used car that costs much less than a new one.
While a used car can offer substantial savings over a new vehicle, buyers need to be vigilant and ask for a vehicle history report (dealers will often have this available for viewing), and have their own mechanic thoroughly inspect the vehicle prior to purchase.
This inspection should not be confused with a safety certification inspection, which may be provided by the seller.
Safety certification only means that a vehicle has met certain minimum standards. It is not a guarantee that it will not need substantial repairs shortly thereafter. Additionally, the mechanic issuing the safety has no obligation to disclose anything of concern unless it is specifically covered in the safety certification.
Always have your own mechanic inspect the vehicle before you buy. Trying to save money by skipping this step can cost you dearly in the long run.