When it comes to buying a car, you must make many important decisions, such as your budget, the type of car you want to buy, the make, model, and color of the car, and choosing a car insurance policy. Whether you will pay the entire down payment upfront or use a car loan, one critical decision to make is whether to buy a new or used car.
While buying a new car is an interesting and charming option, buying a used car has its own set of advantages. According to market surveys, used car sales have increased magnificently in the past few years, owing primarily to the entry of organized players in the segment and greater assurance of the vehicle being sold. Being the best dealership of used cars in Bakersfield, we've listed some major advantages of purchasing a used car rather than a new one and how it can be a wise decision for you. Let's start!
Why Purchasing A Used Vehicle Is Better?
Aids In Affordability And Savings
The primary benefit of purchasing a used car rather than a new one is that it allows for greater affordability and thus increases your savings. However, you should always rely on motor insurance in this case. When compared to a new car of the same model, you can own a used car of your preferred brand and model for a much lower price.
For example, a three-year-old Nissan Versa will cost you way less than a new one depending upon the variant. You can verify this by visiting our "Used Nissan Vehicles" category. We have Versa and other used vehicles at prices way less than you would pay for a new one. There's a reason why we're the number one Nissan dealer in Bakersfield.
Keeping Your Vehicle's Depreciation To A Minimum
A new car's value begins to depreciate the moment it is driven out of the showroom. For the first few years after purchase, the market value of a car typically declines by about 20% per year. This means that a new car will lose approximately half of its value in the first two to three years. Though different cars depreciate at different rates, some luxury cars depreciate rapidly in the first few years.
Low-demand vehicles lose a significant amount of value over time. You can avoid that hit by purchasing a used car, which will have already experienced its maximum depreciation and will not lose much value in the coming years.
Important Factors In This Regard:
Some of the considerations you should make before calculating depreciation and purchasing a used car at a lower cost include:
Some brands retain their value over time due to their popularity, while others lose significant value due to increased competition. Thus, thorough research can save you up to 60% of the cost of a car in three years.
- Vehicle Condition:
Before purchasing a used car, it is recommended that you inspect the fuel exhausts and any oil leaks. This gives you the ability to bargain better and save money on future repairs.
A car with a higher distance per liter of fuel is your best bet because it not only saves you money but also indicates a car's good performance.
These factors not only have a lot to do with depreciation but are also detrimental if you want to get your car financed. Since the credit score of your vehicle depends on them, you should seriously take these factors into consideration.
Keeping Registration And Other Fees To A Minimum
When you buy a new car, you must make numerous payments to the government, such as one-time registration fees, road taxes, and other charges, which increase the vehicle's on-road price. Buying a used car is a better option to avoid these extra charges because the first owner would have already paid them. Therefore, you'll get the most bang for your buck, and you won't have to pay anything extra to take your favorite car for a spin.
Document Checklist For Purchasing A Used Car
Buyers of used cars should thoroughly inspect the following documents before finalizing the transaction:
- Registration Certificate
- Documents for the car's service history
- Road Tax Invoices
- Owner's Guide
- Pollution Control Certificates
Looking for used cars for sale in Bakersfield, you should opt for a reputable dealer like Bakersfield Used Cars so you don't have to worry about documents.
Can you imagine that second-hand cars were once thought to be "junk”? However, the situation has greatly improved in the last few years as a result of the entry of organized players into the market, such as Bakersfield Used Cars. With reputable used car dealers like us, you will be given complete assurance about the vehicle's durability. Before being delivered to customers, the vehicles are thoroughly tested for quality and durability. You will also be able to take a test drive, for which our staff will bring the vehicle to your location. Simply put, you'll be able to make an informed decision, confident that the vehicle you're purchasing is the right one for you.
Reduced Rates For Car Insurance
Motor insurance premiums are calculated based on the vehicle's market value. Because of their high market value, insurance companies charge higher premiums for brand-new car insurance policies.
On the other hand, the value of a pre-owned car has already depreciated significantly over the years, so you can get it insured at a much lower price.
Make An Environmental Contribution
Aside from helping you save money, buying a used car is also good for the environment because it reduces your carbon footprint. The majority of the carbon dioxide emitted by a car occurs during the manufacturing and initial shipping processes. Therefore, choosing a used car eliminates two of the most significant polluters, reducing your environmental impact.
If you're looking for cheap cars for sale in Bakersfield, we've got you covered. Just check our pre-owned inventory, find the vehicle of your choice and make your contribution to preserving the environment.
Visit Our Car Dealership in Bakersfield, CA.
Having said that, it's a good idea to purchase a used car instead of a new one. Do not forget to take a test drive and have the car thoroughly inspected by a mechanic before purchasing it to avoid any surprises in the future. However, when you buy a used vehicle from us, you won't have to worry about the condition of the vehicle.
You can contact us at 661-835-8600 or visit our office which is situated at 2800 Pacheco Rd, Building C, Bakersfield, CA 93313.