Four Things to Consider When Buying A Used Car

Author // NPR Car Talk
Posted in // Car for sale in harrisonburg va, Used car dealers in virginia, Used car lots in harrisonburg va

Car repair harrisonburg va

If you’re thinking about car buying, one of the biggest questions on your mind is likely whether to buy used or new. With all the car dealerships out there, and all the cars, what are the pros and cons of buying a used car? Read on for four things to consider:

  • Cars last a lot longer than they used to. If you had parents who grew up in the 50s and 60s, you might be wary of buying used. They were in constant need of auto body work, and it was hard to really know how the car had been treated before you bought it. All that’s changed now, though. The average car driving around on America’s roads right now is 11 years old, and lots of car dealers now offer certified programs for newer used cars, backed up by the manufacturers, and can tell you just how the car was maintained before you found it.
  • Buying used allows someone else to take the hit for depreciation. The instant a car is driven off the dealer’s lot, it loses 20% of its value. Another 10% goes during the first year of ownership. This isn’t true for all cars, but it’s generally true for most. This means that showing around till you can find a car that’s no more than two or three years old will let you split the difference between enjoying a lower price while also avoiding any extensive auto body work or engine repairs for a long time to come.
  • Buying used can decrease your incidental costs.
    A lot of states count your car as property, and they love to tax it (don’t get me started on whether this means you actually own anything, or just lease it long term from the government). But taxes for cars are generally based on the price you paid, so buying used can dramatically increase your taxes and fees. Insurance will be less too, and you can probably drop collision and theft coverage if you’re cars too old for thieves to want, or not new enough that auto body work will be expensive.
  • The proof that buying used can be smart can be seen in the number of transactions. The average price of a used car actually went down in 2016 compared to 2014. And reputable car dealerships have larger and larger fleets of used vehicles that it’s wise to check out.
  • Owning a used car is much better than it used to be. Used cars can be reliable, inexpensive, and easy to insure. They can be a great way to get the most bang for your buck.

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