What are the benefits of choosing used cars?
What are the benefits of choosing used cars?

What are the benefits of choosing used cars?

August 30, 2024

If you are considering buying a car rather than a new one then it will save you a lot of money. Buying a used car offers many more advantages besides the monetary benefits. Let’s look at some of these advantages

Advantages of buying a used car

Financial prudence

The main reason used cars are so attractive to potential buyers is the cost-effectiveness of the option. You can buy a used car for a much lower price than its new model. In fact, the price difference between a new and a used car can be big, with a used car costing merely half of what its mint version would cost. Thus, buying a used car can save you a huge amount of money that can be put to better use.

Versatility

When you opt for a used car, you are opening yourself up to a whole range of options that would not be available with a new vehicle. You get an array of choices in terms of brands, models, years, conditions, pricing, etc. which is unthinkable with new cars. 

You can choose from spacious SUVs, rugged pickup trucks, compact sedans, or luxury vehicles; your options are limitless with used cars

 
Budget friendly

An increasing number of prospective car buyers are moving toward the used car market for their next purchase, given the greater possibility of finding a car that aligns with their budgets and preferences.

Lower depreciation

A huge disadvantage with a new car is that it depreciates significantly soon after it rolls out of the dealership. This means that a new car owner’s investment value witnesses a significant drop in the first year of ownership, at times, by almost 20%.
This steep depreciation continues for close to 5 years after the purchase, with some experts suggesting that new cars lose up to 60% of their value in the duration.
However, with a used car, you do not have to worry about steep depreciation since the vehicle has, in all probability, already been through that period and has now stabilized in value. This means you will retain a large part of the value of your investmen

Lower registration cost

More often than not, vehicle registration fees are dependent on the age of the vehicle and its value. Since used cars have depreciated in value in comparison to new cars, the fees for registering a used car tend to be much lower. This is an additional saving you can expect when you buy a used car.

Decreased insurance premium

Insurance premiums for a used car are generally cheaper than those for a new car. This is again because of the lower market value of a used car. As per statistics, used vehicle insurance costs can be up to 50% lower. This is dependent on the vehicle brand, age, and model. Moreover, the buyer’s age also impacts the insurance premium.

Detailed history reports

When you opt for a used car you can obtain a comprehensive vehicle history report, which provides you with details of; 

  • The vehicle’s service, maintenance, and repairs
  • An idea of the car’s efficiency and performance
  • Whether it was cared for by its previous owner
  • Whether it has met with any accidents

This extensive report helps you confidently make an informed decision on buying a reliable used car.

 
Comprehensive vehicle inspection

Established and reliable car dealerships ensure that the used cars they sell receive a comprehensive inspection at the hands of expert technicians to ensure only the best quality cars are made available to their customers.
Every aspect of the car is examined, and this includes the engine, brakes, transmission, suspension, etc. This gives you the assurance that the vehicle you are buying is in perfect working condition and complies with the highest safety standards.

car inspection
Get complete vehicle history

When buying a used car you get the advantage of having a whole lot of information about the car at your fingertips. This includes online reviews and ratings, where actual car owners talk about their experience with the vehicle.
These will help you gain valuable insights into the brand and model you plan to buy. You will get to know the problems the car faces, its fuel efficiency, performance, and maintenance costs. This wealth of information can help you make an informed decision when buying a used car.

Lower financing cost

If you invest in a used car, you will also save on your finance costs. This is because used cars also have an advantage when it comes to interest rates on car finance. Current data indicates that interest rates for used cars differ from the rates for new ones, subject to market conditions. Thus, with a used car, you can also save on your loan repayments

AUTO LEVEL - A TRUSTED USED CAR DEALERSHIP IN THE UAE

We are Auto Level, a trusted used car dealership in the UAE dealing with GCC and non-GCC cars. Our customers display confidence in our used cars due to our high testing and quality standards. All the cars in our inventory undergo rigorous testing by expert technicians to gauge their roadworthiness.
Every car is backed by complete paperwork and documents so our customers do not face any problems in transferring the vehicles. Besides, our customers also get access to a 7 years warranty and other benefits.
Find your perfect ride with us! Just call us at 80053835 and schedule a test drive today!

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