Who doesn’t want to own a brand new luxurious car? But, amidst the current economic turmoil, it isn’t easy for everyone to buy a new model. It is the reason why smart buyers tend to choose a pre-owned car.
It is known that Americans adopt a smarter approach for buying things. And, a pre-owned car is a smart option. According to a report by Manheim, Americans purchased more than 42 million pre-owned cars in 2014. It is 2.5 times more than the number of new models sold in the same year.
Buyers opt for pre-owned cars because they are cheap and provide a great return on selling. There are several other reasons why you must buy one.
· Light on Pocket
Will you spend your entire savings on a brand new model that will be used for office only? Of course, no! Today, people choose the smart way because they cannot afford to make wrong decisions. And without a doubt, the smartest way is buying a pre-owned car. It would only take a part of your savings in the form of upfront payment and ensure that you are left with sufficient cash in your pocket.
· Best for Practice
It is difficult for new drivers to drive through heavy traffic. And you must have heard stories about how your friend or neighbor scratched his new vehicle while parking.
A pre-owned car is no less than a boon for new drivers. You need not worry about scratches or dents with an old model. Just practice with it and when you feel that you have become an experienced driver, sell it to buy a brand new one.
· The Cheapest Option
It is the cheapest option for becoming a vehicle owner. If you are willing to make a purchase with a low-budget, it is the most advisable option for you. And, as the price of the car will be low, you will have to make a smaller down payment to the dealer. It also means you will have to make smaller monthly payments towards the auto loan.
· No Insurance Issues
Earlier, people were reluctant to choose a pre-owned car. One of the reasons was the resistance from the insurance companies. But now, insurance companies have become robust and they have no problem in insuring different types of vehicles. Today, they are ready to insure anything. One of the examples is of America Ferrera. She was able to buy insurance for her smile from one of the insurance companies without any trouble.
· More Choices to make
With a low-budget, it is always difficult to buy things. And, when it comes to buying a new car, you will only have a couple of models that are available within your budget. But, if you opt for a pre-owned car, you will get numerous models to choose from.
· A Small Investment
When people spend too much money on a brand new model, they are stuck with it for years. It is because they do not have any money to spend on anything else. But, if you buy a pre-owned car, you can sell it anytime you want. You won’t feel stuck with your car for years. Once you complete your loan payments, you’ll be free to sell it or exchange it with a new one.
“A nice decision may not be wise, but a wise decision is always nice.”
A brand new model may be a stylish option, but it is not an advisable option. Instead choose a pre-owned car that fulfills your basic requirements and become a smart buyer. Remember that if you select the smart option, you will have a reliable model in your budget. Moreover, you can avoid exploiting your savings on a single thing.