Note from the Editor: This article was originally published on the main Colliers News website. You can view the original version here.
In our materialistic society, it seems like people are always looking for the newest, shiniest product to buy. For some people, buying new things that they may or may not need is a way to show their financial success. However, if you take a step back and reevaluate your priorities and your needs — instead of just following along with the latest trends — you’ll see that there are a wide variety of reasons to buy secondhand. This is especially true when it comes to vehicles for you and your family.
Saving Money
For most people, the primary incentive to buy cars used is because used cars are typically much less expensive. A new car loses more than 10 percent of its value the moment it drives off the lot, and its value continues to take a steep dive during the first several years after its production. Because of this, you can buy the same vehicle model from last year or two years ago, and save a significant amount of money. If you do your research and shop around, that saved money doesn’t have to involve much of a sacrifice, either. There are often used cars available that are only a year or two old with only a few thousand miles logged.
Buying a used car instead of a new one means that your bank account is healthier, and that you have more money to spend on other things that are important to you. Or, you can use that extra money to build your savings account and ensure your family’s future.
More Options
If saving money doesn’t appeal to you in any big way, then consider that buying a used vehicle allows you to purchase a model you wouldn’t have been able to afford brand new. That is, instead of actually saving money, you can spend the same amount of money and just get more bang for your buck. If you’ve been lusting after a red convertible, buying secondhand is one way to make that dream come true. You can up your standard of living without upping your monthly expenses. Just as with any used car, though, be sure you do your research and shop around, so that you purchase a car that’s been taken care of by its previous owner.
Ensuring Reliability
If you pay attention to the news, you’ve heard of the scandals involving car defects over the years. Although these defects sometimes crop up after a car has been on the road for a couple years, you can limit your chances of getting a lemon by letting other people test drive your preferred model for a year or two. After a particular model and year of vehicle has been driven by thousands of people for a period of time, you can conduct thorough research about any maintenance or driving problems that particular car has had. And, you can rest easier knowing that you’re armed with more knowledge about the pre-owned vehicle you ultimately decide to purchase. This is especially important if new or relatively inexperienced drivers will be using the vehicle as well, such as your children or younger family members.
If these reasons have piqued your interest in purchasing a car secondhand, the first step is to do some research on the particular years and models of vehicles you might like to purchase. Then, you can begin looking for reputable dealers near you, such as used cars in Jacksonville FL, and you’ll be well on your way to make an informed and responsible choice for your future.
