The Benefits of Used Cars for First-Time Owners

There are many benefits to getting used cars for first-time buyers. Not only do they save you money, but they also give the same feeling of having a new car and a reliable mode of transportation. To learn more about pre-owned vehicles and why they’re a good choice, here is a list of their advantages:

  • Cheap and inexpensive

The estimated price of a used car is nearly half that of a new car. A used car is easier to pay for, which saves you on financing costs. Secondhand cars also do not depreciate as quickly as newer models. Rather, you benefit from the depreciation of a pre-owned car by being able to buy it for less.

  • A solid investment

A new car will depreciate right after it leaves the dealership. New cars rapidly lose their value in the first year of ownership, often up to 40%. 
Since it has already depreciated, a used car is arguably a better investment than a brand-new one. Buying a pre-owned vehicle will take your money further, as higher-end cars from a few years ago would fit in your budget.

  • Reduced insurance premiums and registration costs

Vehicle insurance for a pre-owned car is cheaper per month compared to a new car. So aside from the retail value, more money is saved when buying a secondhand vehicle through monthly insurance fees.

Also, registration costs vary per state, but it is common for older cars to be less expensive to register. You should expect to pay reduced registration fees for used vehicles, especially in places where registration rates are based on the car’s age.

  • Variety and aftermarket support

Unlike a new car, you can’t choose the options, trim, and color when buying a used vehicle. That being said, you can check on the different years of a certain model you want and get a rare or discontinued version for less than the price of a new car.

Furthermore, aftermarket support is vast since the car was sold years ago. Unlike new cars that can have new problems no one has encountered, most issues with used cars have been dealt with and resolved years prior.

Are you interested in buying a secondhand vehicle for a lower price? For used cars for first-time buyers, reach out to Bravo’s Auto World in Cathedral City, CA. We have a wide selection of great pre-owned cars in superb condition.