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Why it's worth your while buying a used car. Image by Newspress.

Why it's worth your while buying a used car
There are many compelling reasons to go for a used car.
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Among hotly debated topics, one continues to rage day in, day out.

Namely, whether it's worth spending the extra money on a new car, or investigating the myriad used options on the market.

Price is generally the key driver in this dilemma. And it's not hard to see why. With such a huge drop in the value of cars the moment you drive off the forecourt, for many people the used car has always been the way to go.

But some fear lack of variety, warranty issues or extra hassles from the used market. So what's the truth? Is the used car really worth its bang for buck?

The advantages of going used

To begin with, as we've previously mentioned, with the used market you are looking at one massively important benefit: cheaper payments. The simple truth is that you can easily find a late-model used car priced at less than half the cost of a new one.

That's a powerful incentive for those among us who are driven by cost. Students, families on a budget, all might like to consider whether a used car represents, for them, the clearest entry point into the market.

But what if...

What if the used car turns out to be a dud? What about issues on reliability and safety? These are powerful concerns and you mustn't ignore them.

Today, many pre-certified dealer programs offer strong warranties, often including the remaining balance of the factory warranty. So it's really only in terms of private sales or in terms of sales that aren't legitimised by a reputable dealer that you must exercise caution.

In terms of reliability and that all important safety factor, buying a car that has 40,000 miles on the odometer is likely to result in 60,000 or more miles of trouble-free driving.

That's crucial; there's no value in a used car if it doesn't offer you sufficient hassle free motoring to balance up the cash savings you make on the purchase.

You are also likely to be looking at less depreciation on a used car. This is less certain territory simply because we can't ever guarantee exactly what the used car market will dictate in terms of price. What's known is that depreciation is going to be significantly lower than from the new forecourt.

Further benefits

In addition, you can save on sales tax on new cars, and you should also find that, in the majority of cases, there are cheaper features available on used cars. So if that's an important issue for you, be sure to research the built in technology you can find within the used market.

The final word

Ultimately, no one but you can realistically decide whether the used market is right for you. There are powerful incentives behind buying used car in the UK from Hertz Rent2buy. But it is a different proposition to buying new. That means plenty of research and a decent understanding of how the used market work must be our first priority.

But when that's done, there's no real reason why used couldn't work out superbly well on your next motor.

Promoted by Vaishali Nagpal - 8 May 2017

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