A car can improve the quality of your life. Having one allows you to experience flexibility, personal mobility, and independence. Moreover, you won’t have any problem if your state lacks public transportation or if you experience medical emergencies. A car can also increase the frequency and comfort you and your family experience during road trips.
Although Webster, New York, is already a very liveable city for individuals, couples, single parents, and families, a car can make your living experience better. Enjoying the benefits of a car and living in a city with enhanced education opportunities and sports communities is always a good combination.
But contrary to popular belief, you don’t have to buy a brand new car just to experience all of these things. In fact, buying a used car from trusted dealerships like Vision Hyundai Webster is a better investment as it provides the following benefits:
- Own An Older Model
Automobile brands regularly introduce different makes and models in the market. The model that everyone was talking about years ago won’t be the same model that’s causing a stir in the market today. More often than not, newer car models take the spotlight.
And while some people want to invest in cars that have the most innovative features, others are happy to buy simpler, older cars. If you see yourself as one of the latter, buying a used car is a more suitable option for you.
You’ll have several options to choose from when you opt to buy a used car. This means that you can choose to buy a car sold available in the market two or three years ago. This privilege can surely make any vintage car enthusiasts very happy.
- Pay In Lump Sum Cash
Financing options offered by most dealerships and lending companies make it very easy for anyone to own a million-dollar car. With a good credit standing, you can apply for car loans, drive off the car of your dreams, and pay the amount of the car on an installment basis.
Although convenient, this payment scheme can usually result in a lot of stress. Applying for car loans that stretch for several years can translate to higher interest rates. You might only pay a small down payment just to drive off the car from the lot, but as the interest rate increases every month, you’ll end up spending more or even double the price of the car itself.
You won’t have the same problem when you invest in a used car. Since these cars are way cheaper than brand new models, you can pay for its total cost upfront. This means that you won’t have to apply for loans or borrow money from other people just to afford a car. This is especially true if you financially prepared for this purchase and saved money for years.
Paying for the price of a used car in lump sum cash can prevent you from experiencing financial stress and debt. When you have enough money to afford a used car, your bank account will be very happy as you won’t have to pay for high-interest rates years after making the purchase.
- Better Value In The Future
A brand new car will immediately lose at least 20% of its value after driving it home from the dealership. For the next three years, this car continually loses its value by up to 50%.
Since used cars were already driven by others for at least two years, you won’t have to worry about depreciation. The previous owner of the secondhand car (the one who bought it as brand new) already taken the largest depreciation hit of the model. Because of this, you’ll end up owning a used car that can earn better value once sold in the future.
This means that as long as you take care of your used car, reselling it will help you earn the same amount of money you spent from buying it. Upgrading the built-in features or customizing a used car can even increase your profits.
- Cheaper Insurance Costs
Car insurance is vital as it covers the expenses incurred when your car gets damaged or caused injuries to other drivers and properties. Getting car insurance is necessary as it can save you from bankruptcy the moment your car is involved in an accident.
Car insurance is a smart investment, but paying for one will require a lot of money. On average, you need to pay $125.16 per month for car insurance. People who are living on a shoestring budget will have a hard time paying this amount.
Since premiums are computed based on the value of the car, expect to pay cheaper car insurance when you buy used. Additionally, owning an older car will exempt you from paying certain fees. Depending on the age of your car, you can choose not to pay for collision and theft fees.
Ask For Professional Help
Aside from the price difference, you can enjoy a lot of other things once you choose to buy a used car in Webster, New York. But if you’re buying one for the first time, it’s best if you ask for help from an experienced mechanic. They will properly inspect the used car you’re eyeing to buy to ensure that you’re not paying for a lemon.