Benefits of Buying a Used Car, the 2013 Version

The brand new cars put out by auto makers in 2013 are sweet, classy vehicles that anyone should be proud to own, but they tend to be very costly. The Mustang will start at $22,000, and the Ford Focus 2013 will start at $16,200 — a whole lot of money! If you can’t afford a brand new car, it may be time to consider buying a used car.

by danieljohnsonjr

There are many benefits of buying a quality pre-owned or used car from dealers like Reedman Toll Auto World, and here are a few:

Less Depreciation — When you drive a brand new car off the lot, the car automatically depreciates. You’ll lost at least $1,000 just by buying the car, and the value will continue to drop over the next four or five years. That doesn’t mean that it isn’t worth the money, but it means that you won’t be able to get anywhere near as much as you paid for it. Buying a used car is a good way to invest in something that will not depreciate quickly. Your investment will stay valuable for years to come, as there is less depreciation on an older car.

Lower Fees — Registering a brand new car can actually be quite expensive, and Pennsylvania fees on first-time registration can make your car a whole lot costlier than you might like. However, with an older used car, the registration fee will be much lower. A car that is more than five years old will be much cheaper to register than a car less than three years old.

No Sales Tax —  When you buy a brand new car, you end up paying a hefty percentage for sales tax. The cost of a brand new car can go up a few thousand dollars if you are buying a costly car, but a used car won’t have any sales tax. Some states will require that used cars have sales taxes added to them, but Pennsylvania isn’t one of them. You can get a used car at a great price, and you can avoid hefty sales taxes as well!

Great Condition, Great Price –Websites like Craigslist are full of people trying to earn a quick buck, and selling a car is a good way to earn money in a pinch. The vehicles you can buy online are often in great condition, and they’re sold at a much lower price. If you want to find cars in near-mint condition, buying from a pre-owned car dealership is you best option. The price will be a bit higher, but you’re guaranteed a car in excellent shape!

Lower Insurance — Paying insurance on a brand new car can be a huge addition to your monthly expenses, added to the monthly payments you’re making on the car. Insurance for a new car will be very high, and you’ll usually end up getting more insurance than you need. When you buy an old car, the cost of getting insurance is always a lot lower. If you buy a very old car, you may not even need to worry about getting full coverage. You are required to get liability insurance, but you can stick with limited insurance for the car and save a fortune every month!

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Jyotsna Ramani is a passionate writer and an avid globetrotter. She had a knack for writing since her early years, though that was mostly letters to her penpals and jotting her thoughts down in her "Dear Diary". Over the years, she realized how her hobby could turn into a full time career and she started writing web content, books and pieces for local magazines. There has been no looking back ever since. Follow Jyotsna Ramani at Google+

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