If you’re considering purchasing a car, but you’re not sure whether you want a new car or a used car, this article may help. While most people understand the obvious difference in cost, there are a few other differences that may help you make up your mind as to whether you will purchase a new or used car. Here is some important information about why used cars are better than new.

Fees and Charges – Most people understand that there are extra fees and charges that come with new vehicles which don’t come with used vehicles. The unfortunate thing is that many people don’t understand what these fees and charges are for. A huge percentage of those fees have nothing to do with the quality of the car or whether it’s new or used. The money you pay in those fees simply goes to line the dealerships and the salesmen’s pockets! In fact, your salesman can add his own ‘fees’ which end up being bonuses to him for selling you the car! With a used car, you don’t have to worry about extra fees and charges – just the selling price!

Depreciation and Value – Something that is actually pretty depressing and not so well known is the rapid speed at which a new car depreciates. In fact, as soon as you sign the agreement of ownership on a brand new vehicle, it depreciates several thousand dollars. Why? Because you can no longer say the vehicle is brand new – it has had one owner. The depreciation continues rapidly as the car accumulates miles and the usual wear and tear. Why pay for a vehicle that will be worth several thousand dollars LESS than what you paid as soon as you pull it off the lot? For this reason, you can get a used vehicle that is just as good as a brand new one for thousands of dollars less!

Insurance and Taxes – When you’re paying for taxes and insurance on your new car, you will be paying a hefty sum. Most new vehicles can’t be driven off the lot unless they have full coverage insurance. With your used car, you can typically choose whether you want full coverage or simply liability insurance. This is a huge way in which you save money by purchasing a used car rather than a new one. Similarly, the taxes on your new vehicle will cost you a small fortune while the taxes on your used vehicle will be minimal. This is just another way in which a used car is better than a new car!

While many people want to be able to say they purchased a ‘brand new’ vehicle – it’s just not worth it. If you’re one of those people who places dependability and value before keeping up with the Jones’, a used car is right for you! The information above can easily outline why purchasing a used car is a much better idea than purchasing a new one!