Are you planning to purchase a car? Are loads of car sales and service campaigns confusing you? These days every area and street in cities and small towns have one or the other automobile showroom which undertake services sales and service. Customers end up in great puzzle as to which would be the best serving dealer and where from they can get the best deals. Yes, it is not always possible even for people earning big bucks, what with car prices growing year by year. While thinking about used cars in plantation, you can also consider purchasing used cars renovated into new cars which offer significant savings, excellent transport comfort and new car look.
Benefits of used cars:
Used vehicles can come at least 50% lesser price than new cars. With this, you can clear your car loan very quickly as you will be paying the only half price than expected. As the principal amount is less, the interest rate also will be less giving you less burden each month. The saved money can be utilised to purchase any other vehicle or some essential commodity.
New cars depreciate very fast. Experts themselves agree that a vehicle purchased brand new will have 11% depreciation within no time. If you calculate it that way, the car that you bought for $20,000 will be already just $11,800 after reduction. But used vehicles will be exempted from this as the discount that they have to see is already seen. There will be no further decrease in value. Instead, some vehicles may gain benefit.
No hidden fees:
Imagine how much manufacturers spend on advertising and promoting their cars!! Yes, there goes huge money in helping their products, and they have to get it back from customers. This way, there are a lot of costs that sellers don’t reveal buyers but still charge. Destination fees, shipping cost and dealer preparation are some of the things that you are bound to get at your car price. Whereas, with used cars, all these extra fees are exempted and the maximum you will have is doc fee, which will be just a few pennies.
Gap Insurance took advantage:
Gap Insurance is something that you will be paid for incase of the accident to your car. Your vehicle worth and depreciated value is taken into account and paid accordingly. You will not have the problem of Gap Insurance in the case of used cars as depreciation has already occurred; hence, Insurance will be less.
If you are uncertain about how much to spend on used cars, there are agents and used car services who give you valuable advice.