Have you always dreamed of a low-priced and relatively reliable car that’s stylish, comfortable, and eco-friendly? Maybe you’ve even considered buying a used car to save money. But are you sure that the savings are really worth it?
If you’re in the market for a used car, you’re probably wondering: Is it really worth the cost? And what are the downsides to used car shopping?
We asked experts to explain the pros and cons of buying a used car, and they provided some helpful used cars in sacramento insights and advice. Here are the top benefits of used cars and the reasons why you may want to consider them before buying a new one.
Pros of buying a used car
- You get more bang for your buck
Compared to buying a new car, buying a used car could potentially save you thousands of dollars. Buying used means you can purchase a quality car with a higher resale value. If you’re trying to save money, this is an obvious benefit.
According to a study by the National Automobile Dealers Association (NADA), a brand-new car can cost anywhere from $13,000 to $24,000. But there are different ways of saving money. For example, if you buy a car with cash, you can eliminate some of the dealer costs, and you can even purchase a car with a higher resale value.
The fact that a used car costs less than a new car isn’t even the best part of buying a used car. Instead, the best part is that you’ll save money and time by shopping at a salvage yard or a car dealership.
- You can save money on insurance
You’re going to have to shell out some money for insurance, but you might be able to save money by buying a used car instead of a new car. For example, used cars are typically cheaper to insure.
If you purchased a car new, you’d pay approximately $450 for your insurance. But if you purchased a used car, you’d pay less.
According to Insure.com, a used car can be insured for as little as $10 per month and a new car can be used cars in sacramento insured for as much as $225 per month. So, even if you bought a used car, you can still save money on insurance.
- You get a car with a higher resale value
A used car’s resale value can be higher than a new car’s. After all, a car is sold for a much higher price when it’s new, and a used car’s resale value may even be higher than its original sticker price.
Resale value is also a key consideration when it comes to the trade-in value of your current car. If you’re looking to sell your car, it’s much easier to get a higher resale value if you’re looking to buy a new car.