As a first-time car owner or you are considering purchasing a car for your children who have just learned how to drive, then you can consider buying used cars. When you purchase used cars, you know that you will not be taken advantage of. Authentic used car dealers will provide you with authentic paperwork and also provide an after sales support. So purchase a used car if you are looking to hone your skills as a driver.
On purchasing a used car, MurrayHonda.ca can tell you of the following benefits:
- Less price: The cost of used cars will definitely be much less than a brand new one. However, in a used car you can expect a mileage very close to that of a new one. Additionally, as used cars cost less, the on-road tax and sales tax payable will be much less in proportion as well. This subsequently will reduce the cost of the car even further.
- Less depreciation: It is a well-known fact that the value of a new car decreases drastically in the first few years and then it stabilises. Thus, the rate of depreciation for a new car is much higher than a used one. Hence, when you purchase a used car that is in reasonably good condition, you can be assured that its depreciation rate will be lower than a new car.
- Avoiding additional expenses: Purchasing a new car mean you will have to pay extra money like dealership fees, DMV and other expenses will be incurred. However, no such payments need to be made for used cars.
Buying a used car is a good way to measure your finances (and, of course, as a gauge whether your children can handle driving already).