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Monday, May 11, 2009

Why You Should Reconsider Buying A New Car

By Dereck E. Santens

If you're looking at buying a new car, you might want to reconsider. Here are five excellent reasons to buy used.

1. Used Cars Are Less Expensive

Used cars are far cheaper than new cars. The most important function of a car is to get you from point A to point B so why pay more for something that will essentially do the same thing.

2. Used Cars Hold Their Value Better

If you buy a used car today and sell it in a year you will most likely be able to sell it for nearly what you paid for it. On the other hand if you by a new car and sell it in a year you will be out thousands of dollars.

3. Used Cars Are Greener

It takes a lot of resources and energy to produce a new vehicle. Buying used does not cause any additional harm to the environment. Remember that next time someone smugly tells you they are looking at the new Prius.

4. Insurance Costs of Used Cars

By virtue of the cars total value being lower than a new vehicle, used car owners pay lower insurance premiums on their used cars.

5. Lower Repair Costs

Car makers force part manufacturers into exclusive contracts that prevent them from selling the same parts that are used in their cars. These contracts usually last for around 5 years. After that time period you can typically find OEM replacement parts for significantly less than the name-brand car-part. These parts are 100% the same and can save you tons of money on repairs. - 21392

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