Do you need a new Car for yourself or a family member? It can be tempting to browse the new car options, but that is not always the best way forward. New cars are more expensive and often just as reliable as used cars. Here are five reasons you should invest your money in a used car. 

Depreciation Value 

You’ve probably heard that a car loses much of its value as soon as it leaves the production line. It’s true. New cars don’t retain their value for long; this is down to the markup that manufacturers put on vehicles, as well as the mileage they clock up within the first year of driving the vehicle. 

These factors mean that Buying a new car is an inefficient investment. When cars are sold used, they are priced according to their mileage and service history, but they don’t have a manufacturer markup, making them much cheaper. These days, used cars are high-quality.  

Fewer Worries 

When you buy a new car, you are likely to be concerned by its appearance. Any scratch or mark you find on your new car will bother you. It might even cost you a lot of money to have a small scratch repaired. This is not something you have to worry about as much when you buy used. 

Of course, you still want to make sure your used car is in the best condition, but it’s easier and cheaper to have it repaired – both the bodywork and the engine. If you know that you are the worrying type, you might want to reduce your general stress on the road and buy used cars.  

Better Value 

When it comes to buying a car, you get more for your money buying used cars than in the new Car Market. You might need a substantial budget or financing option for a new car that will depreciate quickly, leaving you with large payments to make every month that could be saved. 

Not only that, shopping in the used car market with a new car budget allows you to enter the market for higher-end vehicles. Car technology does evolve with every model, but not by much. Chances are you can get a top vehicle that is almost as good as one from a production line. 

Used Warranties 

Whether it’s a piece of reconditioned technology or a used car, you can benefit from a warranty that guarantees the product for a time period. A used car warranty typically lasts for twelve months, but they are available for longer. They are also available based on the number of miles. 

A used car warranty is typically issued by the dealership you buy it from and tends to cover the majority of major mechanical issues. It’s worth looking over the warranty before buying the vehicle or shortly afterwards to determine exactly what is covered and what you can claim.  

Lower Insurance 

When it comes to insurance, you pay less for used cars, that’s because the car itself is less valuable, so in the event of a smash, the insurance company will have a smaller payout for a used car than for a new one. So why not save money across the board and buy a used car?