The general perception regarding a used car is of an old and battered vehicle. This makes many buyers hesitate to venture into the used car market when looking for their next car.
However, this is almost never the case, and used cars can look as good and as new as new ones! Used vehicles are a great option irrespective of whether you have a restricted budget for purchasing your next car or not.
Here are a few reasons to prove why investing in used vehicles are better choice.
Why would anyone invest in a new car when you can get the same car at almost half the price in the used car market? Yes, it’s true!
You can buy a used car that is just over 3 years old, in perfect condition with a few extra kilometers on the odometer for a much lower price than the same new car. By purchasing a used car you are giving yourself a huge amount of savings that you can invest in something else.
Used vehicles have a much lower depreciation rate than new cars. The depreciation rates on new vehicles are extremely high. As soon as a vehicle is taken out of the showroom it begins to depreciate rapidly. Consequently, even if you sell a new car the day after you purchase it you will lose a major amount of its value due to the steep depreciation it experiences. A new car can depreciate in value by 15 to 30% during its first year. These steep depreciation rates continue for up to three years. This makes used vehicles that are older than three years much more affordable. Moreover, after three years the depreciation rates stabilize, and used cars only experience a steady rate of depreciation of around 15%.
Used vehicles have a much lower depreciation rate than new cars. The depreciation rates on new vehicles are extremely high. As soon as a vehicle is taken out of the showroom it begins to depreciate rapidly. Consequently, even if you sell a new car the day after you purchase it you will lose a major amount of its value due to the steep depreciation it experiences. A new car can depreciate in value by 15 to 30% during its first year. These steep depreciation rates continue for up to three years. This makes used vehicles that are older than three years much more affordable. Moreover, after three years the depreciation rates stabilize, and used cars only experience a steady rate of depreciation of around 15%.
Used vehicles have a much lower depreciation rate than new cars. The depreciation rates on new vehicles are extremely high. As soon as a vehicle is taken out of the showroom it begins to depreciate rapidly. Consequently, even if you sell a new car the day after you purchase it you will lose a major amount of its value due to the steep depreciation it experiences. A new car can depreciate in value by 15 to 30% during its first year. These steep depreciation rates continue for up to three years. This makes used vehicles that are older than three years much more affordable. Moreover, after three years the depreciation rates stabilize, and used cars only experience a steady rate of depreciation of around 15%.
With a used car, you are assured of the vehicle’s reliability unlike in the case of a new car. This is because of the following reasons:
The insurance premiums and registration fees for new vehicles are extremely high when compared to those charged for a used vehicle. Used vehicles are subject to lower registration and insurance charges since these rates are directly related to the age of a car. So, the newer your car the higher the insurance premium and registration fees you have to pay. By investing in a used car, you are also saving on these costs.
These are a few of the advantages of choosing a used car over a new one for your next car purchase. Before purchasing a vehicle we suggest you comprehensively research the subject and understand how much you could benefit by investing in a used vehicle rather than a new one. If you are worried about the quality and condition of a used car, you can always check the vehicle and test drive it to ensure it is in perfect working condition before purchasing it.
We are Auto Level, a used car dealership in the UAE trusted by numerous prospective car buyers of the region. We deal in top-quality luxury GCC and non-GCC vehicles. We are committed to providing our customers with the best used cars in the UAE. To ensure quality, all our vehicles undergo comprehensive diagnostic tests and inspections to rule out any hidden issues and ensure the vehicles are perfectly fit to go back on the roads.
All our vehicles are backed by the requisite paperwork and documentation to ensure you receive a perfect title to the vehicle when you purchase it. Trust us for a hassle-free used car buying experience in the UAE. Go ahead and call us at 80053835 to schedule your test drive immediately!
