There are many reasons why people prefer to choose used cars rather than buy new ones. The principle reason is one of cost; with used cars Warrington buyers can enjoy what are usually considerably lower costs than if they were to buy a comparatively similar new car. There are other reasons to choose a car besides cost, but it is an important factor to consider and one that will forge many a purchasing decision.
New cars depreciate in value quickly. As soon as the car is sold it will lose financial value and to many people this can be a deal breaker. While second hand cars also experience some depreciation, it is usually considerably lower than experienced with a new car. It is possible to find rough estimates of how much a car will depreciate in value in order to help determine which is the right car for you.
The cost of buying a second hand car is lower than that of buying a new car. As the car has already been owned, it has been driven, and the engine and other parts will have experienced at least some degradation, the value of the car is intrinsically less than it was new. Virtually all items lose some value once they become second hand.
Some costs may increase by buying a second hand car. The car is more likely to need an annual MOT which will cost and because the car has been driven and has experienced some use it may be more prone to breakdowns meaning that it will have a greater need for repairs too. While this will usually mean greater costs, the additional money required will be offset by the amount that you save when first purchasing the vehicle.
Many of us are in difficult financial situations. Unemployment is high and average family earnings are low and this means that we have less disposable income to purchase items like cars. Buying a second hand car can help to reduce the cost of owning a car while the wide selection of high quality vehicles means that even tight budgets can stretch to decent quality vehicles.