Advantages of Buying a Used Car

Buying a car is a big investment and deciding between buying a new or used car can be a tough decision.  You want a car that is safe and reliable, but you also don’t want to break the bank when you buy it.  There are pros and cons to both types of car, but buying a used car does not mean you will be struck driving a decade old vehicle with over 100,000 miles.  A two year old car with less than 30,000 miles still qualifies as used, and if you are looking for used cars in NJ there are plenty of places to shop.

Reasons to Buy Used:

Sticker Price

Most people know that our economy isn’t at its best right now, and the sticker price alone on a new car can be enough to send you into shock.  Used cars cost less initially and depreciate in value more slowly than new cars.  A new car decreases in value by up to 20 percent as soon as you drive it off the dealer’s lot. Your interest rate if you finance will also be less if you choose to buy used. The risk to the dealer is less if the car’s value is less, and that equates to saving for you.

Risks? Not Really

Cars today are built to last at least 100,000 miles, and safety standards vary little within one or two years. In other words, you won’t be sacrificing quality or safety if you choose to buy a used car.

Savings on Sales Tax and Other Fees

The amount of sales tax that dealers are required to add to the price of a new car can be an additional several thousand dollars. A used car, on the other hand, costs less and therefore means fewer taxes for you, the buyer. If you buy from a private seller you will not be required to pay any sales tax at all. Buying used will also save you from the endless list of miscellaneous “extras” fees that dealers tack on to the price of a new car.

These are just a few of the reasons why it is better to purchase used cars in NJ rather than new cars. The list of pros to buying a used car is much longer than what has been mentioned here, but, the ultimate decision lies with you. Regardless of which type of car you decide on it is important to do your research prior to making a purchase.

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Jake Alexander is a part of an elite team of writers who have contributed to hundreds of blogs and news sites. Follow him @JakeAlexander17.