There are many
reasons that people buy a used car instead of a new one. Sometimes it’s a
matter of being between the rock of basic transportation and the hard place of
limited funds. Other times there are models that people find particularly
desirable that aren’t made any more or were revamped for the new model year.
More information on all types of cars is available at . Still other people
never buy a new car because they prefer the financial advantages.
The primary
financial advantage of buying a used car is that you won’t absorb the high
initial cost of depreciation, about 12 percent the first year. Some financial
advisors recommend used cars for this reason. Because cars are better made now
they last longer, so a three-year-old, pre-owned certified car will provide a
good value compared to a similar new model. Plus, the amount of research you
can do now—not only a make and model, but the exact vehicle you’re
considering—has ballooned in the past decade. Certified pre-owned vehicles have
taken some uncertainty out of buying used and sometimes a vehicle will still
carry a portion of the new warranty.