Interested in Purchasing a Used Car?
Are you feeling happy because you have in your possession a driver’s license already? Maybe you are feeling elated that you have finally passed the driving test. You feel excited because you want now a car of your own. Now you will be able to do what you have been planning to do when you get your car. You picture yourself being able to do some errands around town in that car of yours. You even picture yourself in it for a long drive out of town. For you it is simply very convenient to have you own car.
Since this is the first time that you will be buying a car then you think that a used car might fit the bill for you already. You see it as a logical purchase for you since a used car will be running of course. You also don’t want to blow your savings on a brand new car. You think that you will get on by with just a used car. You may have even seen some used cars in some car dealer shops already. But before you pay them do yourself a favour and think about the following three things first.
The first thing that you have to consider is that used cars will not cost much when you resell it. This means that when you realize that you want a new car you won’t be selling your used car for much value. So it is guaranteed that you will lose money you paid for it initially. Even after one year of use its resale value will be low.
The next thing that you need to consider are the hidden costs that come with purchasing a used car. Car dealers usually make more money from these hidden costs even from used cars that they are selling. This will be all the more true when you avail of their in-house financing to pay for the used car. This is the reason why there are some who opt to pay the full amount in cash to avoid the hidden costs.
The third point that you need to keep in mind is that a used car is expensive to use. You see a used car’s fuel efficiency is low. You are not familiar with the driving ways of the previous owner of it so you don’t know how smooth it will run in the long run. But you can be sure that it is not fuel efficient anymore. Also you cannot expect a used car to run smoothly. This is because it may have been driven for many miles already. And also since it has low fuel efficiency then this means that you will have higher gas bill.