Why Should You Buy a Used Car?
Why Should You Buy a Used Car?
Recent years have witnessed growth in the sales of used cars (second-hand/pre-owned) in the automobile market. Considering the fact that today’s economy is not kind to everyone, some of us are unable to afford a brand new vehicle, which has boosted the popularity of buying used vehicles. A used vehicle in a good condition is the ideal vehicle to have for economic drivers, or for anyone in general. Here’s why buying a used vehicle makes sense and worth it! The automobile market for used cars is the ideal setting to find your dream car if it originally was out of your price range. There are endless vehicles in and out in the market, that you can even find many premium/luxury cars available at a reasonable price for different range of budget.
The most significant advantage of buying a used vehicle is that it is a far more financially smart option. They are significantly less expensive, and you yourself don’t have to bear the burden of the car's depreciation. A new vehicle’s depreciation value (for the previous owner) is more than that of a used one. In the first three years, it's roughly 20% on average for each year. Meaning that in the first two or three years, the new automobile will lose 60% of its value which is less impact for you if you buy an old one.
New cars are way more expensive comparatively for obvious reasons. They require you to pay quite the additional charges besides the main purchase such as registration fees, taxes and document fees amongst others, which is not required when you purchase a used car as it has already been done by the previous owner. The difference in price might often be nearly twice what you would spend for a used car. Regardless of whether the interest rate maybe higher or not, the loan amount and EMI duration for a used vehicle are likely to be lower, thus, your monthly payment will be significantly lower, allowing you to save and pay in cash on time because the sum is so much less.
One of the prevalent reasons customers hesitate to buy a used vehicle is the safety concern, as they believe that older vehicles are likely to wear out faster and be less dependable than a brand new vehicle fresh off the manufacturing line. Contrary to such beliefs, the marketplace will offer you various levels of used vehicles, where you can locate good conditioned automobiles that are just as safe and dependable as new cars—at a considerably lower cost.
New automobile owners are sometimes saddled with elevated insurance prices. New vehicles are more costly to fix or replace, thus they are also more expensive to insure. Even if it has some of the most advanced safety technologies, insurance companies seldom give discounts to owners who have those features. Many car buyers overlook this and end up with increased costs as a result of the high insurance charges that come with a new vehicle.
Meromotor.com is a dependable and proper market place for all kinds of automobiles in Nepal, where there is quality assurance for the vehicles put up for sale. All the conditions of the vehicle are monitored, checked and verified including the owners documentations, which guarantees that the used vehicles you are buying are all in good condition.
Photo by taichi nakamura on Unsplash
The most significant advantage of buying a used vehicle is that it is a far more financially smart option. They are significantly less expensive, and you yourself don’t have to bear the burden of the car's depreciation. A new vehicle’s depreciation value (for the previous owner) is more than that of a used one. In the first three years, it's roughly 20% on average for each year. Meaning that in the first two or three years, the new automobile will lose 60% of its value which is less impact for you if you buy an old one.
New cars are way more expensive comparatively for obvious reasons. They require you to pay quite the additional charges besides the main purchase such as registration fees, taxes and document fees amongst others, which is not required when you purchase a used car as it has already been done by the previous owner. The difference in price might often be nearly twice what you would spend for a used car. Regardless of whether the interest rate maybe higher or not, the loan amount and EMI duration for a used vehicle are likely to be lower, thus, your monthly payment will be significantly lower, allowing you to save and pay in cash on time because the sum is so much less.
One of the prevalent reasons customers hesitate to buy a used vehicle is the safety concern, as they believe that older vehicles are likely to wear out faster and be less dependable than a brand new vehicle fresh off the manufacturing line. Contrary to such beliefs, the marketplace will offer you various levels of used vehicles, where you can locate good conditioned automobiles that are just as safe and dependable as new cars—at a considerably lower cost.
New automobile owners are sometimes saddled with elevated insurance prices. New vehicles are more costly to fix or replace, thus they are also more expensive to insure. Even if it has some of the most advanced safety technologies, insurance companies seldom give discounts to owners who have those features. Many car buyers overlook this and end up with increased costs as a result of the high insurance charges that come with a new vehicle.
Meromotor.com is a dependable and proper market place for all kinds of automobiles in Nepal, where there is quality assurance for the vehicles put up for sale. All the conditions of the vehicle are monitored, checked and verified including the owners documentations, which guarantees that the used vehicles you are buying are all in good condition.
Photo by taichi nakamura on Unsplash
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