Although buying a new car is on the bucket list of many people, it is not necessarily the best option for everyone. Car dealerships have attractive financing options that lure people into buying expensive cars that they can not afford. More often than not, when it comes to buying cars, it is better to go for a pre-owned car, that suits your preferences. Buying from second-hand dealerships opens up new possibilities and introduces the buyer to various models of cars from various companies, which can be compared, unlike company-specific dealers.

Buying second-hand cars save money
On average, the price of used cars is almost 50% lower than new cars. This enables buyers to pay their dues easily or up-front, saving financing fees or EMI interests. Consumers switch cars an average of six years after their purchase, which means if the pre-owned car is bought for $10,000, instead of the $20,000 retail model, it enables the consumer to opt for a better model during their next purchase.

Bulk depreciation
It is estimated that the value of a new vehicle can drop by 11% on the drive home, meaning the car bought for $20,000 will be worth only $17,800 once it leaves the lot. The vehicle continues depreciation as weeks, months and years pass, bringing the price of the vehicle further down.

No exaggerate fees
Buying new cars come with additional hidden charges like shipping charges, destination fees and dealer preparation. Some new car prices include hidden advertising fees that can be as high as $1000. Used cars have no such charges and usually have the flexibility of financing and payment methods.

Lower customization costs
When buying from the best second-hand dealer, consumers can avoid add-ons, which add up to the total price. Buying pre-owned cars give consumers the freedom to customize their car according to their desire, keeping their budget in mind.

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