Tag: good investment

6 Reasons Why A Second-Hand Car Is Best For You

Several years back, buying a second hand or a used car was looked at contempt. It was only those individuals or families who were not well-off who resorted to the purchase of a second-hand car. But to present age, this stereotypical notion has changed, and you can search for used cars online at purplecowcars.co.uk/used-cars-netwton-le-willows-merseyside. Further, you can look up for trending articles or get ideas from www.autoblog.com

Take a look at few of the advantages of investing in a used car.

Factory Warranty
If you have been eyeing the one-year, old BMW or Benz in the neighborhood used car showroom, go ahead and buy them today. The reason is that these cars have a low price when compared to their latest counterparts. It also means that these cars have a good factory warranty just like its predecessor. Even if it means one-year short of coverage, those savings mean you will be able to pay back faster.

Depreciation. What’s That?
Any product, whether it is an automobile or an electrical gadget loses its value once it steps out of the showroom. When you buy a used car, it has already gone through the depreciation phase. You are going to owe more than the real worth of the vehicle you just purchased. If you take good care and drop your car for regular servicing, you have made a good investment on them.

High On Luxury, Low On Cost
If you had always dreamt of buying a fancy sports car or a luxurious sedan, the price factor is a major deterrent. Step inside any of the second-hand car showrooms and you buy the luxury vehicle of your choice. You get to ride the fancy car, plus you can enjoy all the modern features fitted in them.
You get comfort and convenience for a fraction of what you would pay for a brand new vehicle. This is what is called having the cake and eating it too.

It Has All Minor Repairs Sorted Out
This one has to be the best among the ones listed. A brand new car will eventually have a minor repair or a major rework after few days of purchase. These warranted fixes can be a great headache, but since they have been through the initial shakedown, you don’t have to worry about impending repairs immediately.
Sit behind the steering wheel and enjoy a good drive in your second-hand car, which is technically new.

Lower Insurance Premiums
Consider this scenario where you have been involved in an accident in your new car. When you approach the insurance company, they are most likely to pay for what the car is worth at that time. Gap insurance covers the price difference that you paid at the time of purchase and its depreciated value. You will experience an increase in insurance premium.
Gap insurance is not seen in a used car since the depreciation has already occurred.

Eco-friendly
Majority of the toxic gases and carbon dioxide is released at the time of production and shipment of a vehicle. A used car emits zero toxic gas into the environment and has less negative impact on the ecology. A hybrid vehicle makes use of lead-acid and lithium-ion batteries that are enemies of the environment.