Is Buying A Used Car Worth It? |
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Steven Pierce
November 19, 2012
The debate has raged on for decades now regarding whether or not it is better to buy a new or used car. Some people may feel like buying a used car only exposes you to repair bills later on. However, this not always the case. If you are looking at a used car, it is certainly worth purchasing that car.
Used Cars Cost Less Compared to New Models
Buying a used car means that you will spend less on the initial purchase. Getting a loan is a lot easier when you are asking for a lower loan amount. If you are purchasing the car with cash, buying a used car makes it easier to accomplish that goal. Purchasing a car even a model year older than the current model year can save you thousands of dollars.
Used Cars Cost Less to Insure
Cars that are several years old are generally less expensive to insure. When the agreed upon value is relatively low, your insurance company will write a smaller check in the event that your car is stolen or damaged beyond repair. This means that your comprehensive coverage premium should be much lower. Anytime you lower the financial exposure of your insurance company, the less you are going to be charged for your insurance policy.
Find Cheap Cars at Auto Auctions
Used, damaged and government cars are being auctioned off on a weekly basis in Australia. This means that you have a chance to get a great deal on a car that may have many miles left on it. For those who enjoy cars, a damaged car may present a great opportunity as a restoration project. The worst thing that can happen if you don't restore it is that you sell it for parts or other scrap material. There is still value in the car.
Purchasing a used car is certainly a good investment for many reasons. They are cheaper to purchase, cheaper to insure and even the most damaged cars can still provide some value. Anyone who says that a used car is not worth spending time or money on has not been choosing the right cars to be driving. Never pass on a good deal just because the car is an older model.
Whether you're buying used or new, don't forget to test drive the car! All legitimate dealers and sellers will be more than happy to let you take it for a drive.
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This article was brought to you by Southside Auto Auctions. For more information about affordable Cheap Cars for sale visit us at http://www.southsideautoauctions.com.au/ .