When it comes time to buy a car, we have multiple options available. Not only we have to decide the brand and model of the car but also whether to go for a new brand car or a used one.
It’s always a smart choice to go for a second hand car as it saves a huge amount of money. On an average, used cars costs almost 50% lower than new cars.
Apart from the affordability factor, it has several other advantages too like
1. Depreciation Benefits
Depreciation charges are more in first few years after purchasing a new car compared to what you have to pay after some year passes. So, you not only get the price benefit with the used car but also you avoid the greatest depreciation period.
You have variety of options available when you decide to buy a used car as there are thousands of makes, models, and years to pick from. This is a great option if you are looking for an older model or a feature that is no longer made.
3. Insurance Rates
Insurance rates for second hand vehicles are less than what you have to pay for a brand new car. Taxes and registration fees are also low in the case of used cars.
4. Better for the Environment
During the manufacturing of a vehicle, almost a quarter of the carbon dioxide emits into the environment. Buying a second hand car reduces the carbon dioxide output into the environment.