The automobile market is constantly evolving, and car prices are continually increasing. Car prices are also rising steadily because of a dynamic car market. This also means that the average lifespan of a car keeps decreasing. However, buying a used car can defy all these norms.
In Wichita, Kansas City, the automobile industry is critical in boosting the local economy. Therefore, you can say that there will undoubtedly be a lot of choices at your disposal when it comes to choosing a car. Many branded dealerships, such as a Ford dealer in Wichita, have many car options for various budgets.
For first-time car buyers, purchasing a used car is a good idea. It’s an improvement over bicycles, public transportation, or for family members who want to buy another vehicle.
The following are a few advantages of buying a pre-owned car over a new one.
If you want to save money, buying a used car is a great option. Used cars are typically much less expensive than their brand-new counterparts, so you can save a lot of money by buying a used car. Since Wichita is also known to have a booming automobile assembly industry, car dealers, such as a Ford dealer in Wichita, might get you a good offer on a used vehicle.
Adding to that, you can often find used cars in excellent condition, so you don’t have to sacrifice quality for cost.
Less Depreciation Value
Depreciation is one of the essential costs associated with owning a car, so it is important to consider this when purchasing a used car. While all vehicles will lose value over time, some models hold their value better than others.
One of the most significant financial benefits of buying a used car is that you will avoid the rapid depreciation of new cars. A new car can depreciate by almost 20% in the first year, so if you buy a used car, you can avoid this loss in value.
Less Insurance Rates
Purchasing a used car may be a more affordable option for some buyers, as insurance rates for used cars are typically lower than those for new cars. However, it is essential to remember that insurance costs can vary depending on the make and model of the car, as well as the driving history of the owner.
As such, it is vital to get quotes from multiple insurers before deciding. Additionally, many insurers offer discounts for things like safe driving or installing anti-theft devices, so it is also worth considering these options.
Unlike new cars, sales tax is generally not applicable to used cars. However, a few exceptions exist where sales tax may be charged on a used car purchase. These include cases where a dealer is selling the vehicle or if the vehicle is being sold as part of a “package deal” with other items.
In most cities like Wichita, Kansas, sales tax is only charged on new car purchases. So, if you want to save money on your next car purchase, buying a used car is the way to go.
To conclude, these are just some reasons why buying a used car is a great option. If you want to save money, get a better car, or avoid depreciation, buying a used car is the way to go.