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Are Used Cars Good for Your Budget?

Automotive Event Details

Are Used Cars Good for Your Budget?

Time: April 1, 2019 all day
Location: melbourne
Website or Map:
ADM Event Type: used, car, sell
Organized By: Shira Winget
Latest ADM Activity: Apr 1, 2019

Export to Outlook or iCal (.ics)

Automotive Event Description

Aside from your house, another essential thing that you’ve considered worth investing is a car. Having a car makes transportation a lot easier; either you’re going on long trips or just a daily trip to the office. When buying a car, you can choose a brand new or used one. Most people would agree that it’s best to buy brand new car but if you’re on a budget, you’ll surely find the other option very appealing.

Buying used cars isn’t really that bad. In fact, there are some perks that you can only enjoy when choosing used cars. Here’s why used cars are still a great deal after all.

Lower Price and Lesser Depreciation

Obviously, used cars are priced lower than brand new cars. This is because the moment a car is driven off the lot it greatly depreciates especially in its first few years. Because of this, you can often see used car offers with prices that are almost half the price of its brand-new counterparts. Instead of losing a big sum of money from depreciation, you can actually save that amount when choosing used cars.


Newer models of cars are built to last so you can get the same reliability from a car within 10 years old. Of course, when you chose older cars, it is expected that you’ll be doing repairs and replacements after a few years. There’s no need to sweat when looking where to buy Toyota parts since it can already be done online.

Sales Tax

New cars are subjected to sales tax no matter what state you are. This tax is then added to the original price of the car which can go for as much as thousands of dollars. When you buy a used car from a private seller, you are safe from this additional fee plus you get the car at a very low price.

Registration Fees

Your car needs to be registered annually. The registration fee is based on the model year of your car and its value. Registration rates are usually high at the first 3 years of a car’s life and then slowly fall as it ages. You cans save yourself from this expense by buying a car that is at least 3 years old so you don’t need to pay very high registration fees.

Paying for Essential Features

New car dealers often offer extra packages for add-ons such as protective film or an anti-rust coating. These add-ons are priced slightly higher when getting it from a dealer. However, you can actually get these features for a cheaper price at an after-market installer. When you buy used cars, you get to choose which features you need so you don’t have to pay for add-ons you never asked for.

Extra Fees

New cars often have extra fees attached to them by their dealers; from destination fees, shipping fees to dealer preparation, you surely have no choice but to pay these extra fees. However, used cars don’t have these fees since you can only buy them from their private owners. This gives you more power on the negotiation table.

New cars are great but used cars are perfect for the budget-conscious. With a little research, you’ll surely get a deal you won’t regret.

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