Advantages of Buying a Used Car

Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Buying a Used Car From a Dealer and other Used Car topics.

Why Buy a Used Car?

Advantages of Buying a Used Car

Buying a used car is a bargain on so many levels. Not only do you save on purchase costs you save on ownership costs, too.

Used Car Dealers Pass the Savings on to You

  • Some used car dealers get their inventory from trade-ins, others from purchases, auctions or some combination. Ultimately, the dealer's cost in obtaining the vehicle is lower than it would be for a new car because transportation is not a factor (the inventory is usually from local sources).
  • Buying a used car saves you money because it costs the dealer less to acquire and make the car available for sale.

Ownership is Usually Less Expensive

  • When you buy a car that is 3 to 5 years old you can usually get it for around 50 percent of the original MSRP (manufacturer's suggested retail price). The bonus – the used car has five to seven reliable driving years and:
    • Your insurance and registration costs will be less expensive than for a new car.
    • You can still purchase an extended warranty to offset any repairs (just be sure to work with a reputable provider and review the terms of your agreement before you sign on the dotted line).

   

Comments

Nobody has commented on this tip yet. Be the first.



Name:


URL: (optional)


Comment:


Not finding the advice and tips you need on this Used Car Tip Site? Request a Tip Now!


Guru Spotlight
Lynne Christen