Interested in Purchasing a Used Car?
Are you feeling happy because you have in your possession a driver’s license already? You still feel euphoric over having passed that driving test that you took a week ago. 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 imagine yourself getting around town in the convenience of your car. You even picture yourself in it for a long drive out of town. You are just excited to buy your own car.
Since this is your first purchase of a car you think about just getting a used car. You probably think that it will be a good buy since all you need is a running car and a used car will run. 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 make your purchase consider what follows first.
One thing that has to be considered by you is the resale value of used cars. 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 second thing that you have to consider is that there are hidden costs that may come with the 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. The more hidden costs you have when you don’t pay for it in full amount.
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. One thing is certain though. It will have low fuel efficiency. Smooth functioning is also something that you cannot expect from it. Maybe the car has ran for many miles over the years already. And also since it has low fuel efficiency then this means that you will have higher gas bill.