Purchasing a brand-new car is something everyone desires due to a number of reasons. A new car looks very appealing on the road and you do not have to stress over any repair cost for a long time. It is great if one can afford a new car but first ask yourself if you really need to spend all that money when you could get your hands on the exact same thing at a lower price?
There are a few worrisome points which tag along by buying a new car. The most obvious one is that a new vehicle needs a lot of financial aid. Even after paying the huge purchase price which you will most likely pay over a monthly basis, you will still need to pay for the insurance which is another place where you will spend your hard-earned cash.
Moreover, the value of a new car will automatically decrease by 10% after you walk away from the dealership. This drop in value will increase to 15-20% per year so go ahead and do the math. Therefore, people who can not afford a new car turn towards used ones which are cheap cars. Many people agree that used cars are better than new ones and the following reasons validate this stance.
1- You don’t have to be extremely conscious
Since used cars are cheaper, no one in the world would be worried about any kind of damage such as scraped paint, scratched wheels or dents in the body. Therefore, you will obviously be mentally relaxed while driving. As long as you tend to the machinery of the vehicle, all is good.
2- They are way cheaper
90% of people buy a used car because they are comparatively much much cheaper than used cars. Especially the old eco-friendly cars have a very low price tag. However, make sure that there aren’t any registration fees for old cars as some countries do the legislation procedure.
3- You will save money on fuel
A big part of your monthly budget will be free by buying a used car. You will be happy seeing small fuel receipts. You can use the rest of the money on something else you desire or for the maintenance of your car.
4- All the dirty work can be done easily
Now this is something which you would never consider doing with a new car as they are too treasured. But since the case of used cars is different, you can use your vehicle for other unusual purposes as well. By folding the back seats down to give maximum space, your vehicle can turn into a commercial car. You can dump any stuff at the rear area without worrying the least about scratches or harming the seats.
5- You will save money on insurance costs
The older and cheaper the car is, the lower its insurance cost will be as they usually have low insurance premiums. Therefore, this is another area where you can save money.
6- Your favorite car, but in great shape
Whether you have bought your dream car or you are wishing to buy it, it will remain in a top-notch form because you will be driving your used car in the city and the traffic to do other work whereas your favorite car will be nestled safely inside the garage. Therefore, you will be doing your cherished car a huge favor.
7- You can replace it whenever
One fun thing about owning an affordable used car is that instead of splurging money when there is a serious damage to the car like you would do for a new car, you can easily replace the cheap car with another instantly. This will not only save your money, but your precious time and energy as well.
8- Both repair and service work is cheap
The spare parts of used hatchbacks are cheap because they are sold in a big amount. Most used cars have small tires as well so they are cheap too. The service or repair fees are equal to nothing.
9- You will have peace of mind
By checking the vehicle history reports by companies such as AutoCheck or Carfax, you can be aware of any hidden problems with your used car. These reports are based on the car’s identification number and they give a lot of important information such as verification of the mileage. With the help of these companies, the vehicle’s past is no longer something unknown.
10- The drop of value is no longer an issue
Most of the used cars have gone through the worst of their value drop. This means that they will not be going through any more decrease in value after you purchase. This also offers you the chance to sell it when you’re done driving it because its value will be almost the same.
Do these reasons make you want to purchase low price cars?