Why Buy Used Cars As A First Car

By Author: Cameron Clark
Total Articles: 18
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Buying your first car is a big milestone. Many people consider used cars in Kamloops for their first car. While you might immediately think that new cars are the best way to go for first cars, there are benefits to buying used cars in Kamloops instead.
Here are some reasons why you should opt for used cars in Kamloops instead:
1.Less expensive
A brand new car means higher monthly payments. Some people might want to use that money to buy a less expensive car and then save or invest the rest of the money they saved. In addition to that, new cars depreciate fast. In the first year of owning one, your car will lose 20% of its value. With a used car, you won’t have to think about the depreciation rate. This makes owning a car less financially taxing.
2.Lower insurance rate
One of the things that adds to the total cost of car ownership is insurance. A new car comes with higher insurance costs as it will cost more to perform replacement or repairs. Used cars will not be as expensive. You can find insurance rates that are ...
... just right for your needs, allowing you to lower your monthly expenses on your cars.
3.You might be able to afford cars that are otherwise out of your budget
Your budget might only afford a small car, but with a used car, you might afford a bigger one with more seating capacity. You might also be able to get a car equipped with more features for safety and comfort.
4.It doesn’t depreciate that fast
As mentioned earlier, used cars don’t have a fast depreciation rate like new cars. The initial depreciation has already passed. Of course, cars lose value as time passes by. But the good news is, it doesn’t depreciate that fast. Should you decide to sell it in the future, you can still enjoy a good resale value.
5.It’s a good way to know what you want in a car.
A novice driver might have reservations about using a brand new car. They might get overly worried about accidentally scratching or denting the vehicle. With a used car, that won’t be a pressing problem.
This also gives you a chance to truly determine what you like in a car, so that when you invest in a new car the next time, you already know what features you want.
Used cars in Kamloops are everywhere, but make sure you choose the right one for your needs. Decide what type of car and what features will work for you. It’s also important to find a reputable used car dealer such as Bannister Chevrolet Kamloops.
This article's author is Cameron Clark. For additional information regarding used cars Kamloops please continue browsing our website at bannisterchevkamloops.com.