The concept of purchasing a used car used to be a bit of a gamble. Risks were as high as salesmen were sly. The purchase price might have been low, but the cost of repairs was high and stayed that way for months and years to come.
Fast forward a few dozen years and cars are evolving into more reliable four-wheeled-friends with safer construction and more fuel efficiency. Car owners are certainly getting a less painful experience with the modern secondhand car.
Here are just a few reasons why that is:
These days cars come in all manner of shapes, sizes, and environmental friendliness.
Aside from this fact, it should be noted that a large portion of the effect cars have on the environment occurs during the initial building and shipping process. When a consumer makes the decision to buy second hand, they are purchasing a car that has already been through that environmentally unfriendly manufacturing process.
Did you know that a car generally loses at least 15% of its value as soon as you drive it from the lot at which you purchased it? Four years later and that car is most likely work only half its initial price now! What’s the point?
With so much value being lost on brand new cars, it’s easy to see why people favour the secondhand option. Buying a three or four year old car is starting to make a lot more sense: their value has depreciated terrifically, and they still have a lifetime of good use left in them! The best part is that the older your car is, the cheaper insurance is going to be!
Have you or your family considered shopping for a secondhand car in Wellington or Lower Hutt? Before you begin your browsing, give the team at Car Finance a call! We can offer you car finance in Wellington that will ensure you’re the proud over of a sweet, sturdy, and affordable set of wheels. Keep an eye out for the second part of our blog in which we explore two more reasons why a secondhand car could save you more money than a brand new one!