According to ThinkWithGoogle, 92% of car buyers do their research online. That's no surprise because you can find many options to compare online, which can save money. Another great way to save money when buying a car is to buy a used car. In fact, buying a used car comes with many benefits, so read on to discover why used cars are such a great option.

More Affordable

This is the biggest benefit of buying a used car. The main problem with buying a brand new vehicle is that it's more expensive, but that car starts to depreciate as soon as you take the first drive. That means a new vehicle will lose value in a short time, which explains why you can get a used car that's still in great condition for half the price. Buying a used car also saves you money in many other ways besides the cheaper price. You can also potentially save money with lower customization costs and lower annual registration fees, plus more.

Slower Depreciation

As mentioned, a new car tends to depreciate fast once you drive it off the lot. This is something that's unavoidable, but it's still not a great feeling knowing that a new car can lose up to 20% of its value on its very first day on the road. Not only that, but the car will also continue to lose the bulk of its value within the first year. However, the rate of depreciation eventually slows down, such that by the time you buy a used car, you don't have to worry about your car losing value too quickly. So you can find a used car for sale with a cheaper price tag and still have a car that retains value better.

Lower Insurance Costs

Insurance costs for a used car are generally lower than with new cars. That's because insurance companies consider the value of the car when calculating premiums in addition to considering other factors like your driving history, location, and credit score. So, let's say you're involved in a car accident, the insurance company will compensate you for the value of the car. If you have gap insurance, this can make up the difference between what the car is currently worth and how much you purchased it for. However, you can generally expect the insurance costs for a used car to be lower. This is just one of the ways that a used car can save you money in the long run.

Reliable and Safe Options

Certified pre-owned cars are another great option that car buyers can take advantage of. That's because COP cars are cars that have been thoroughly inspected, refurbished, and certified, which means the car is in the best condition you can possibly hope for. These cars are still considerably cheaper than newer cars, but they remove most of the worry that comes with buying a used car. The good news is you should be able to find CPO cars at most dealerships. Some of them may even have guarantees against specific defects depending on the manufacturer.

Peace of Mind

Buying a used car comes with more peace of mind than buying a new car. For starters, if you're on a limited budget, you don't have to stress about the cost of the car because there are many options to choose from. The other thing is most used cars come with vehicle history reports that provide valuable information about the car you're buying. So looking for a used car for sale no longer carries a lot of risks. You can make a wise and informed decision about the condition of the car based on its accident history, mileage, and ownership. This gives you peace of mind from knowing you have bought a car in good condition.

Fewer Fees

One of the biggest benefits of buying a used car is the savings. A used car can save you money because it doesn't have a lot of fees attached. For instance, dealership fees are generally lower compared to buying a new car. It's safe to say that a used car gives you more bang for every buck.

When looking for a used car for sale, keep the following benefits in mind. Driving a used car is increasingly becoming popular because it's good for the wallet and the environment. If you're not sure where to start when looking for the best used car for you, why not give us a call? Chances are, we have a set of wheels that fits your on-the-road needs perfectly.

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