Why You Should Buy Used

While you might be dreaming of that new car smell, buying new might be a poor choice. Looking at used cars will not only save you money, but can be even safer than buying new. When it comes to buying a used auto in Anchorage, Alaska, here are a few things you have to look forward to:

1. Slower depreciation. Depending on the make and model of the car, if bought new, it could lose up to 40% of its value within the first year. This could leave the buyer upside down in their loan. With a used car, however, there is no instantaneous depreciation. Not only does this leave your loan with more security, but it can help you to feel less stressed while driving. You are not going to be worried about whether or not a rock will crack your windshield or an accident will occur. The value of your car will remain intact should something occur.
2. More bang for your buck. Buying a used car opens up many more options for you. It allows you to stretch your budget and find exactly what you want. It gives you the option of getting the SUV of your dreams with more bells and whistles than you would have if you would have purchased new. Don't waste your money on getting the base model of your desired car when you could buy a used car with a more luxurious package.
3. More safety research available. When buying brand new, you run the risk of there being issues with that specific generation. By purchasing a used car, you have the opportunity to read reviews and safety testing info to ensure that the make and model that you have chosen is a wise choice. You'll also have information on how fast specific models lose their value and whether or not you are making a savvy economic decision.
4. Lower interest rates. Recently, the interest rate charged on new cars is higher than those of used cars. Some reports state that used cars have an average interest rate of 4% while new cars are at almost a full point higher at 4.99%. While this might seem like the difference of dollars every month, over time, you will save quite a bit by buying used.
5. Better price. Obviously, new cars cost more money than used cars. However, do you know just how much more they cost? It's estimated that the price gap between new and used cars is around $20,000. That's a lot of money that could have been spent on a similar car but a few years older.
6. Certification programs. If you are worried about buying a lemon, fear not! Many car manufacturers are now certifying their used cars as a way to ensure that they remain safe and secure for future buyers. In many cases, this will extend the warranty on the car. Plus, these vehicles can only be certified if they meet the highest standards of safety and excellence, making one of these cars a great buy for you.

When it comes buying a used auto in Anchorage, Alaska, there are plenty of perks. Not only will you drive off of the lot in your dream car, but you will save money, stay safe, and still look as flashy as ever. 

Source : articlesbase.com