Is It Wise To Buy Second Hand Cars?

By Author: Brainwork
Total Articles: 518
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Many a times people refrain from buying second hand cars because they think that used cars are not worth owning. They think that a person usually sells off his car whenever he has trouble with it. However, this is not true at the present day scenario. With the rapid growth of the used car market throughout the world, it is now possible to find good used cars, offered at great deals by the car dealers. The only thing that you need to do is devote some time in research and take some precautions while making a purchase.
If it is your first car or you have a limited budget, then it will always prove fruitful to buy a used car in good condition from a reputed and reliable cars sales company. Due to the increasing demands for used cars in the market, the number of dealers dealing in new and used cars has also increased over the last few years. They have a number of car models to offer to their customers at highly competitive prices. If you are lucky enough, you might also find a car which is still under the manufacturer's warranty, but offered at a 20 to 30% lesser price compared to the original price.
If you are wondering ...
... the reasons behind the low prices of used cars, there are multiple of them. First of all, new cars have a very high depreciation rate in their values, which at times can be as high as 25 to 30%. A new car, say a popular model from Subaru cars, starts losing its value as soon as it is out of the showroom. Therefore, as it gets older, its price keeps on reducing.
Secondly, there are a number of car lovers who love to change their cars frequently and have the financial capability of buying new and better cars available in the market. Generally these people dispose off their present car at a low price before getting the new one.
Thirdly, due to the high competition in the market, the car dealers sell off the used cars at amazingly low prices.
Therefore, if a second hand car is available at a low price, it is not necessarily defected or damaged.
Right from a used Subaru to some of the most popular models from Honda and Suzuki, it is possible to find almost any car in the used car market. At the same, the used cars come with numerous advantages such as lesser tax amount, lesser insurance premium, proves more cost effective after some time etc.
So, when you can enjoy so many benefits, why not select a good second hand car for yourself?