Having acquired a new job or saved enough money, buying a car can lead to various questions about what to purchase. The first question that pops into one’s mind is whether to spend the money on new or used cars for sale Palatine IL? There are pros and cons to both, but there are certain factors that swing the pendulum towards the used cars. Here are reasons to buy used cars from a dealer instead of a new one.
Factors to consider
The money factor
Money is a huge determining factor when deciding on purchasing anything, and cars are no different. Used cars are cheaper than a brand new one, and one can apparently save a lot of money when spending on a used one. If a person is not willing to purchase a car that is driven for hundreds of miles, then even a slightly used or driven car can have a good amount of money shed off it. So, next time you head to a buy a car, consider the money factor as one of the top reasons to buy used cars from a dealer.
Depreciation
It is vital to know that a car depreciates more in the first few years of its use. For example, if a brand new car is bought for $15000 and the depreciation is estimated to be 20% a year. However, this does not imply that the car would be worthless/useless after five years but what it indicates is that the best part of the car is already depreciated in the first five years.
So, purchasing a used car means that the owner does not have to worry about its depreciation anymore. You will not lose a hefty amount of money when trying to re-sale a used car as compared to a new one. Low depreciation is another factor in the list of top reasons to buy used cars from a dealer.
Reliability
Modern cars are manufactured at state of the art plants and the parts used in them also are of top quality. Hardly do we see top manufacturers like Toyota, Honda, Nissan, etc. ever using low-quality parts in their vehicles. Purchasing durable cars after being utilized for a couple of years would not make a huge difference. These cars would still work well, and their parts would be running smoothly. Until and unless it has encountered an accident, slight knocks and running on the roads does not wear its parts off.