subject: Know The Many Financial Benefits Of Used Cars [print this page] Not everyone has the money or desire to buy a new car. In fact, there are many benefits of purchasing used cars, especially when you are on a budget. You should get to know some of the best reasons for checking out vehicles that are at least a few years old.
The main advantage of used cars is the lower price. You can often save thousands of dollars on the price of a vehicle when you purchase one that is just a few years older than the brand new one you may see at a dealership. If you have a particular make and model in mind, you can always compare the prices for the newer and older versions to find out just how much you will save. You can do a lot with the extra money, such as upgrading to premium wheels and a better sound system when desired.
Of course, you can always use the cash you save to put toward debt or even invest. Vehicles lose value the minute you leave the dealership, so a newer auto is not a very good investment. But used cars may provide a great opportunity to put the money you save elsewhere, such as in a house or an account that will build interest. In this way, you can feel more financially secure than those who opt to spend all their cash on a newer vehicle instead of wiser investments.
You can also get out of paying several fees when you check out used cars instead of buying brand new. For example, dealerships have to charge a lot of taxes, while in most states, you do not have to pay sales tax when you buy from a private seller. This can add up to a great deal of money. In addition, you have to pay higher registration fees when you buy a newer auto, while older vehicles tend to come with lower fees for every year they age. Plus, if the cost is low enough, you can buy your vehicle outright instead of having to get a loan like many people do when they buy new. This can save you time, money, and hassle.
If you are interested in reaping the rewards of used cars, you should check out dealerships or private sellers near you selling the vehicle you want. Make sure to compare prices and take a test drive before you make your decision. This can ensure you are not only happy with your purchase, but also getting the lowest price you can find.
by: Anders Abadie
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