Car: Why Should I Buy A Used

The cost of insurance is based largely on the replacement value of the vehicle. Since a used car is worth less than its brand-new counterpart, your monthly premiums are typically lower. In many states, the annual registration fee is also tied to the car’s value, saving you even more money every year. 4. Modern Reliability and "CPO" Programs

Shopping used allows your budget to stretch further. If you have $25,000 to spend, you might only afford a base-model compact car if you buy new. However, in the used market, that same $25,000 could land you a late-model luxury sedan or a fully loaded SUV with leather seats, a sunroof, and premium sound. 3. Lower Insurance and Registration Fees why should i buy a used car

With services like Carfax and AutoCheck, the "mystery" of a used car's history is gone. You can see service records, accident history, and previous ownership with a few clicks. This transparency makes it easier than ever to vet a vehicle before you even step onto the lot. The Bottom Line The cost of insurance is based largely on

A new car loses about the moment you drive it off the lot. By the end of the first year, it can lose up to 30%. When you buy used, the previous owner has already paid that "luxury tax" for you. You get a reliable machine at a price that reflects its true market value, not its "shiny and new" markup. 2. More Bang for Your Buck However, in the used market, that same $25,000

Here is why your next "new" car should actually be a used one. 1. Let Someone Else Take the Depreciation Hit