Why a Used Car is the Best First Car
If you are in the market for your first car, you may be unsure whether to buy new or used. There are advantages to each. The pluses of a new car are pretty obvious – it is brand new, in great condition, and will need little maintenance. It will have all the latest gadgets and gizmos. It will get good gas mileage.
But if you are a first time buyer, it’s the minuses of a new car that are probably uppermost in your mind. A new car is expensive. The insurance is expensive. And, if you are like most first-time car buyers, you are probably on a budget.
You Save Money Buying a Used Car
The most compelling reason to buy used is the money. New cars generally lose about 20 percent of their value as soon as you drive them off the lot. They lose another 10 percent during their first year of use. So, a car that cost you $30,000 to buy will only be worth about $21,000 after the first year. If you buy used, you can avoid that huge loss. Buying a car that is about two years old and driving it until it falls apart is probably the most cost-effective way to own a car.
You Save on Insurance
Another reason to make your first car a used one is the savings on insurance. The primary thing that insurance companies look at when setting rates is the value of the car. So the more expensive the car, the higher your insurance rates. Buying used, you have lower rates. And, if your car has a lot of years and mileage on it, you may even want to consider dropping coverage for certain things, such as collision and theft insurance.
Your Dollars Go Farther with a Used Car
Buying used, you can get more car for your dollar. You may not be able to buy that BMW new, but you may be able to afford a used one. And the good news is, especially among higher end cars, they stay on the road longer, often reaching 200,000 miles before they deteriorate too much to drive
You Have Better Quality Assurance
In the past, one of the big arguments against buying a used car was the lack of information about the car’s history. You could very easily be inheriting mechanical problems that began with the car’s former owner. These days, however, there are also more resources available for learning about the car’s past. You can go online to websites such as Carfax and AutoCheck to get a vehicle history report using the car’s Vehicle Identification Number (VIN).
You can also buy cars that are advertised as certified pre-owned, which means they meet standards set by the car companies and have some kind of guarantee against defects.
Many used car dealerships – such as the PAACO Automotive Group – offer limited warranties on our cars. We also inspect and make the necessary repairs on any used car we sell before we place it on our lot.
Check out one of our locations in and the Dallas/Ft. Worth area and take a look at our inventory! For more information, contact us at 877-810-4555.
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