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4 WAYS A USED CAR CAN SAVE YOU MONEY
Admin • Jun 18, 2018
When shopping for a car, you can easily find yourself attracted to the shiny new vehicles that are out there. No matter how appealing a new car might seem, though, buying used can be a better decision. These are four ways buying a used car can help you save money.
1. Lower Purchase Price
Perhaps the most obvious reason why a used car can save you money is the fact that you can generally find a lower purchase price with a used vehicle. Even if you're on a tight vehicle budget, you can probably find a used car that will suit your needs and that you can afford.
Even though you might still end up with a car payment if you choose to finance your used purchase, the payments will probably be cheaper than if you were to purchase a brand new car. Plus, you can often get a nicer car with more features for the same price than if you were to purchase a brand new vehicle.
2. Cheaper Insurance
There are actually two reasons why you can often save money on insurance for a used car. For one thing, since the value of a used car is usually much lower than the value of a new one, the cost of insurance is often lower. Secondly, if you choose to buy with cash rather than financing your purchase, you can always opt to just pay for liability insurance rather than full coverage.
3. More Affordable Vehicle Registration
In some states, vehicle registration costs are based off of the value of the vehicle that you are registering. If you're registering a brand new car, you might find that your registration costs will be higher due to the higher value of the vehicle. With a used car, though, the registration costs and fees might be lower. This means that you may be able to get the license plate for your car for less by buying used.
Along with being able to save on your vehicle registration costs, you might also be able to save on the property taxes that you pay on your vehicle by buying a vehicle of a lower value. This can help you reduce your tax burden.
4. Cheaper Repairs
Many people don't put much thought into the cost of ownership when buying a vehicle, but maintenance and repairs can take a big chunk out of your budget if you aren't careful. If you buy a used car, however, you might be able to save on these things.
Buying used car parts can be a great way to get the parts that you need while still saving money. However, it can sometimes be difficult to find
used car parts for a new car. Luckily, finding used parts for an older car is often fairly easy, so this can be yet another way that buying used can help you save money.
Additionally, some people prefer to purchase original equipment manufacturer (OEM) parts for their newer cars, or they might be required to do so because of their warranty. These original parts can be more expensive. But with a used car, you can purchase aftermarket parts instead.
As you can see, buying a used vehicle is often a smart financial decision that can save you a lot of money. If you are in the market to purchase a vehicle, consider looking at your used options first. When you do, you might just find a vehicle that you like and that can allow you to enjoy these four benefits and more.
For more information about used cars, used auto parts, and more, contact us at Advantage Salvage & Auto Parts LLC.
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