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Evidence released this month from leading digital automotive company, Auto Trader, suggests that consumers are far more likely to consider buying either a new or a used car, without setting their sights firmly on one or the other.
The company looked at the three month period from April to June 2015, tracing a representative sample of more than 1,000 motorists and found that 72% of buyers who’d recently bought a used car had also considered buying new, while75% of those who’d recently bought new, said they would consider buying used. The results compare with 43% and 61% respectively for the same period in 2014.
Trusted Dealers takes a look at the current advantages of buying a used car from a franchised dealer below.
Obviously, if you are prepared to opt for a used car, you’ll enjoy much better savings on some really fantastic cars. You can purchase a nearly-new car with little mileage for a significant reduction on its current price new which can make a huge difference. Providing you look after the car well, you can also cash in when it comes to selling the car on – a nearly-new car will carry similar residual values to its newer counterpart.
More than 7 million used cars are sold every year therefore opting for a used car opens up the door to a whole lot more choice on the forecourt, particularly if you have a specific make and model in mind – you won’t just be limited to the models released over the past year.
If you’re purchasing a used car, you’ll save some cash – cash that could be put towards getting a nicer model of car than you originally budgeted for.
Used cars will not depreciation as fast as their newer counterparts. Although any car you buy will lose value every passing month and mile the steepest decline happens the minute a new car is driven off the forecourt. IN fact, some models have been known to lose as much as 40% or more of their value within the first year of ownership.
Buying a used car can offer its owners added peace of mind – you may feel far more relaxed about taking your used car out for a spin knowing that a twang in a car park or a chip of the paintwork won’t affect you mentally as much as it would if your car was new. The chances are a used car has a bit of wear and tear on it already, and will also cost less to repair.
In most cases, the car insurance premiums on used cars tend to be less expensive than on new ones, but whichever car your choose, be it new or used, it pays to do a bit of research before you buy to ensure you can avoid to keep your chosen car on the road.
The introduction of longer factory warranties from manufacturers such as Kia who offer an industry leading 7 years, and Hyundai, Toyota and Subaru offering 5 years, has added to the increasing appeal of used cars. You can now purchase a used car yet still have the peace of mind it will be covered should anything go wrong.
Buying from a franchised dealer will remain more expensive than buying privately, but will guarantee that the car you buy is a reputable one. At Trusted Dealers, all of our used cars come with a 10 Points of Difference promise to provide our customers with the reassurance the car they buy has neither been lost nor stolen. Ensuring the used car you buy has been history checked is of vital importance, and will guarantee you walk away with a sound investment.