The benefits of buying a new car are pretty self-explanatory. Everybody likes owning new things. Sure, it might cost a little more, but you get the benefit of feeling cool, having a nice thing that works really well, and reaping the benefits of consumerism.
For those who just aren’t into those things, at least enough to warrant spending thousands of dollars more than necessary to get a nice and reliable vehicle, used cars are always the way to go. Some of the benefits of buying users are well known. We’ll cover most of them here.
1) Newer Used Cars Are Better Than Ever. People like to complain about the quality of consumer vehicles, but the reality is that cars are getting better and better. The average car is safer, lasts longer with less maintenance, and gets much better gas mileage than a similar car would have gotten a couple of decades ago. If you go to J.D. Byrider, you could pick any car on the lot and find a vehicle that won’t break down anytime soon. If you’re old enough, you’ll remember ten or fifteen years ago when car trouble was frequent for just about everybody. You might go to a party and learn that your friend didn’t make it because they broke down on the way. This doesn’t happen nearly as often anymore.
2) Used Cars Depreciate Less Quickly. If you want to buy a car that holds a lot of it’s value, buying used is the way to go. Cars lose value most quickly when they are new. People will pay much more for a brand new, never-driven car than they would for the same car even three months after it was first purchased. Some of these reasons are practical, others are psychological, but the outcome is the same: used cars lose value, but not as fast as brand new ones.
3) Used Cars Cost Less. This will be obvious to anyone paying attention, but used cars cost less than new ones. They’re cheaper to insure and they’re cheaper to purchase. They can cost more to maintain and repair but, as described in point one, used cars of more recent vintage have higher standards of design than those manufactured ten years ago. They’ll continue to perform well, often without expensive repairs, even though they are no longer brand new.
4) They May Get Fewer Tickets. Some studies indicate that people who drive new cars get more tickets. We won’t get into the weeds of the implications of this. Maybe new car drivers just drive faster. Maybe people in new cars seem like easier targets to corporals on patrol. Whatever the case, a used car might make you slightly less conspicuous on the road, which is never a bad thing where traffic violations and ticketing are concerned.
Used cars are the way to go for people who want to save money. If you do the leg work necessary to find the right vehicle at the right price, there is pretty much no downside to buying used instead of new.