Purchasing a new car is extremely expensive, and the price gap between a new and used car is massive. Here are some reasons to consider buying a used car.
New cars lose a lot of value as soon as you drive off the lot. New cars can lose up to 40 percent of their value in the first year alone. When you buy used, you can save on the initial purchase as well as eliminate the huge drop in value. This can also be advantageous when it comes time for you to sell your car.
Avoid New Car Fees
When you buy a new car, you will most likely have fees such as taxes and DMV fees, processing fees, advertising fees and this can really add up. Buying a used car from a private owner can help eliminate these fees and save you significant money.
Not only can you choose what type of make and model you want, but also what year. If you are seeking out a car from the 1900s, buying a used car can provide you the opportunity to have a classic car.
Unlike new cars which depreciate extremely fast, buying a used car can be financially advantageous and help you avoid new car fees. To learn more about why you should consider buying a used car, contact M & M Inc. at 717-755-3841.