The purchase of a brand new vehicle often involves spending a lot of money. Sure, a brand new vehicle is less likely to give trouble over time and you are ensured of having the latest tech with you. Additionally, you are the first owner of the vehicle, which means that you won’t have to worry about anybody else tampering with your car. But have you ever considered just how much money you are actually going to lose in the long term? Cars depreciate very fast. After about a year, your new car will only be worth somewhere around half of its original sticker price. Fast forward through the years, and you will find out that you won’t be able to gain much by reselling your car. Well then, why spend so much money on a brand new car only to find out that it has lost much of its value in a couple of years?
The only option left would be to buy second hand. Despite what you may think, buying used is not always associated with questionable quality. It is quite possible to land a very capable ride for a decent amount of money, provided that you check whether those used BMWs were properly maintained by a reputed BMW specialist in Sydney or repair centre. Buying used has some definite advantages over brand new purchases including:
Lower Purchasing Costs – As we have already discussed, purchasing a brand new car is not the best way to spend your hard earned money. When you buy used vehicles, you won’t have to bear much of the depreciation if anything at all. Because used cars often cost a lot less, you can save money that you could spend for other purposes, such as maintenance of your car or for other things your household requires.
Fewer Taxes and Fees – Buying a brand new vehicle usually involved filling out a lot of forms and application and paying a few fees for putting a new vehicle on the road. Buying used doesn’t automatically mean that you will be exempted from taxes and all, but you can skip most of the registration fees associated with purchasing a new car.
A Wider Selection – When you are shopping for a used car, you actually have a much wider selection than if you wanted to buy something brand new. Used cars of all makes and models can be found with a little bit of searching around. Plus, you don’t have to settle down for the very basic models. Even fully loaded luxury cars or sports cars that have been maintained by a European car specialist can be purchased for a reasonable amount of money, even though you would not be able to buy similar brand new models.
As long as you are careful and avoid cars with shady maintenance records, buying used vehicles is not something you should disregard just because you are buying an old vehicle. It might actually be the better option if you are cash strapped and are trying to save up money. Remember that well-maintained cars can last thousands of kilometres, sometimes performing even better than expected.