It is nice to buy a brand new car, but in reality, not everyone can really afford it. But that should not be a problem because these days, anyone can now drive home their dream car from a trusted dealership at a price that they can afford. If you have the same dilemma, then let these reasons help you decide why it is practical for you to buy used cars in phoenix instead.
It is not a secret that used vehicles are definitely cheaper compared to brand new ones. This means that if you do not have the budget to purchase a brand new car, then you can definitely look at your budget and see if you can buy the same car for a much cheaper price at used cars for sale. If that’s an option for you then this situation is definitely in your favor.
New Cars Value Depreciates
Everybody knows that new cars depreciate and they do fast. The moment you drive it out of the dealer, the value depreciates right away. It will no longer be a brand new car. Even if you return it to the dealer the next day, its value will already be a used car. And when it’s a year old, it already lost 19% of its value. So if you’re concerned about the value, then it is best to consider a used car instead.
Less Insurance and Registration Costs
If you don’t want to be worrying about registration and insurance costs, then choose to buy a used car. In most states, car owners are charged insurance and registration fees based on the age of the car. This means that if the used vehicle that you purchase is already a couple of years old, then you will be saving money on insurance and registration.
Sales Tax Are Lower
Just like the registration and insurance charges, the sales tax is also lower with a used vehicle. But this will depend on which state you are from. In Arizona, the state collects a 6.6% sales tax on any purchased vehicle. But this only applies to brand new cars. With used cars, you don’t have to pay any sales tax because the dealership is the one responsible for it.
Easy Financing Application
Did you know that it is easier to apply for a car loan when you have a used car compared to a brand new one? Simply because most used car dealerships these days now offer assistance on financing cars. They are the ones who take care of the application for their buyers. And also, they can help you get through a bad credit history. They have connections with the trusted lenders and this gives them the higher ground to get loans approved fast.
Now that you know the reasons why a lot of people these days prefer to buy used cars, then for sure you too will be convinced to do the same. Just make sure that you have chosen a car dealership that you can trust. You can talk to people you know who have also purchased used cars in Phoenix. Consider the reasons mentioned above to ensure that you are driving home a car that is worth your money.