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Whether you’re a new driver or looking for your next car, buying a used car can have a lot of advantages over a brand-new one. Not only is it significantly cheaper to buy, but there are several other reasons why many consider it a smart move.
If you’d like to learn about the advantages of buying a used car, keep reading this short guide.
Lower Costs
Perhaps the main reason why people choose to buy used cars instead of new ones is the reduced cost. When you buy a car, there are two main prices you need to think about – purchase and insurance.
Purchase
In short, this is the value the car is listed at. New cars cost significantly more than their used counterparts, so by choosing a preowned model, you’re instantly saving money. These additional funds could help you secure a better car or assist with other payments.
Insurance
The other main cost you need to consider is insurance. Every car needs to be insured to be legally driven on UK roads. Since new cars are more expensive than their used counterparts, the insurance for them is also much higher. While multiple years of no-claims discount may make it more affordable, your starting point will be significantly lower if you purchase a used car.
Avoid Rapid Depreciation
New cars are known for losing their value the moment you drive them away from the dealership. However, when you purchase a used car, you can avoid the rapid depreciation since the largest decrease has already happened with the previous owner. And be able to rest easily knowing that your vehicle is unlikely to dramatically fall in value, unless it sustains significant damage.
Reduced Environmental Impact
Another reason many choose to buy a used car is due to the reduced environmental impact. Creating a brand-new car uses a lot of energy and resources, which puts a heavy toll on the environment. Contrastingly, since a used car has already been made, its impact on the environment is much lower.
It’s also worth noting that buying a used car reduces the demand for new ones, which further reduces the impact of car production on the planet.
Wider car selection
Our final reason for choosing used cars over new ones is that the selection is much better. Since there are so many used cars on the market, you are sure to find one that will suit your needs and tastes.
Whether you need an electric family car for the school run and inner-city driving, or something more robust for long commutes, you can almost always assume a used car that suits you will be available. On the other hand, if you wanted to purchase a new car that fits your criteria, you may be stuck with a handful of options that are limited to what’s currently in production.