What are the differences benefits of buying a used car and not a new one?
The most obvious benefit to buying a used car is that on account of annual depreciation, used cars that are even a few years old cost way less than buying a brand new car. Also, most car manufacturers nowadays ensure a high degree of stability and reliability. Hence, you can get reasonably new models with a host of upgraded features at a fraction of what it would cost to buy the car entirely new.
What is the difference between a used car and a certified pre-owned vehicle?
Some car manufacturers and used car dealerships will themselves put the used cars they sell through a rigorous and painstaking check to ensure that the used car meets all the necessary compliance standards and also has a clear vehicle history. Having done a thorough maintenance inspection, they will then place the car on the used cars market with a certificate attesting to the quality of the pre-owned car. Owing to the emphasis placed on setting and maintain standards in selling used cars, it is often recommended that one opts for a certified pre-owned car rather than purchase your used car from an independent dealer.
What is the difference in insurance premiums when it comes to buying a used car?
Insurance premiums usually decrease conversely to the age of the car. The older a car, the less you have to spend on insuring it. This is one of the reasons why many people opt for a used car. Taxes involved are also less when compared to buying a brand new car.
Should I buy a used car from a third party seller or a dealer?
With most third party used car sellers, there is often no way of checking on their legitimacy and the authenticity of their dealings. There are a large number of third party used car sellers who operate on the shady side of the used cars business, palming off stolen and crash damaged cars on to unsuspecting buyers. A car dealership is an established business that is highly dependent on customer reviews. Hence, the emphasis on quality and transparency is variably higher.