We all love our cars – they get us to and from work and from A to B, saving us from using that dreaded public transport that we all hate. But, purchasing a new car can be pretty expensive and we don’t all have that kind of money lying around. As a result, a large number of us car lovers opt to purchase a used or pre-owned vehicle. However, there is large debate as to whether purchasing a used car is, in fact, beneficial at all.
Whilst buying a brand new car will ensure you have the latest gizmos and gadgets, the value of the vehicle will drop significantly after the first year and they are guaranteed to put a huge dent in our wallets. As a result, the purchase of a pre-owned car is normally at the top of everyone’s priority list and here is why:
The price
As mentioned, the price of say for example; a used Bentley will be a lot cheaper than a brand new one and the quality of the engine will still be there. Also for the same price of a brand new car, you may be able to buy an even better make or style – used.
Depreciation
As said above, the value of a brand new car drops significantly in the first 12 months, normally by around 30% – buying a used car will mean that you don’t have to worry about this. It’s plain sailing from here on out.
Certification programmes
The introduction of certification pre-owned programs (CPO) makes buying a used car more attractive these days. The benefits of CPO include:
- Manufacturers normally only consider used vehicles with low mileage, little or no damage and late-model for their certification programs which means you can be guaranteed quality.
- All vehicles involved in CPO’s go through a very rigid and strict inspection process which looks at both the mechanical and cosmetic features of the car.
- Normally all CPO vehicles are covered by a warranty – this warranty includes the same features as that of a new car one; road side safety etc.
- Also, quite a few manufacturers offer special financing on CPO vehicles – and normally at lower rates than other financing options.
So, with these points in favor of purchasing a used car – you can’t go wrong. Purchasing a pre-owned vehicle will save you money without having to scrimp on quality.