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5 Advantages of Purchasing a Used Car vs. a New Car

Buying From A Used Car Dealer in Austin TX

Used Car Dealership Austin: If you are in the market for a new car, you are typically thinking of just that, a new car. With so many choices available, in many cases purchasing a used vehicle may be a better option. Here are some advantages to purchasing a used vehicle over a new car.

Less Expensive Registration Fees

In most states, registration fees are based on the model year of the vehicle and the car’s value. If you purchase a used vehicle, you can save thousands in fees over the cost of fees for a new vehicle. In many cases, a state’s registration fees are highest during the first three years of owning the vehicle and then become less expensive over time. Purchasing a used car that is older than three years can result in significant savings.

Car Depreciation

The saying goes that a car loses half its value as soon as you drive it off the dealership lot. Most new cars lose up to 30 percent of their value in the first two years after purchase. You can avoid this by purchasing a used vehicle that has already been adjusted to its market value.

Lower Price

Used cars typically allow you to get more for your money. You can get features and options that might be cost prohibitive in a new vehicle.

Less Fees Associated with the Sale (Private Seller)

In addition to less expensive registration fees, by purchasing a used car you can avoid or lessen additional fees such as processing, preparation, and advertising fees when you purchase your vehicle from a used car dealer. Many of these fees are negotiable and can be waived.

Insurance Rates

Insurance rates are based on the age of the vehicle. This means it will typically be lower than when purchasing a new car.

When searching for a used vehicle, there are numerous resources to assist you in the process. Search sites like Kelley Blue Book and allow you to gain a wealth of information about various vehicle prior to making your purchase decision. You can find out whether the car has been in any accidents, had more than one previous owner, and even whether or not that owner was a smoker or not. With these resources, that can help you to be confident that your used car purchase will be one that you will not regret.

Used Car Dealership Austin

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