Advantages of Buying a Used Car Instead of New
Buying a used car can also offer the same thrill and contentment as a new car if the choice is made rightly. It will also not overburden you financially. The fundamental purpose of having a vehicle is to have a default means of transportation by your side 24/7. If a used car can offer the same at a much lower rate, why not opt for a used car instead? Keep reading this blog by McLaren Chicago dealership in Chicago, IL, to learn more about the advantages of buying a used car instead of a new one.
Reasons for Buying a Used Car:
1. Saves You Money
The cost of used cars is almost 50% less than the new cars. Deciding to buy a used car will save you a lot of money and help you stick to your financial plan. Getting the same features and elements at a much lower rate is undoubtedly a profitable deal.
2. No Additional Fees
A new car usually comes with hidden fees such as shipping charges and destination charges. A used car does not have such exaggerated costs.
3. Lower Insurance Rates
The worth of a used car compared to a new car is considered low by the insurance companies. So, a used car has low insurance rates.
4. Lower Annual Registration Fees
The annual registration fee is maximum in the first three years of owning a car. Post that, it starts depleting. So, if you purchase a vehicle that is a minimum of three years old, you will have to pay lower annual registration fees.
5. Depreciation Perks
A new car loses a maximum percentage of its value in the first year. But, depreciation of an old car is relatively slow. Keeping this in mind, the wise option would be to buy a used car and resale it for almost the same price after two years. This will bring you more profit than opting for a whole new vehicle.
Read more: Is A Pre-Owned Vehicle Worth Buying?
Read more: Can you drive a McLaren on the street?
If you see yourself driving one of the pre-owned beauties, check out our impressive inventory of pre-owned cars at the McLaren Chicago dealership in Chicago, IL.
