Wherever is looked around the world, a considerable amount of people require some form of transportation to get around. Whether it is for the commute to and from work or taking the children to school and picking them up later in the day, vehicles play a large part in the running of many peoples every day lives.
Whilst public transport may be suitable for some, particularly in the larger cities around the world where underground tube or subway services are available, many people rely on cars for their primary mode of transport. Furthermore, although new cars are popular amongst the car buying market, used cars are by far the most popular choice of car, for a wide variety of different reasons.
One of the benefits that is seen as the most prominent is the cost factor of used cars. With the exception of classic or rare cars, used cars will be substantially less than the cost of new cars. It is obvious when comparing the price of new cars to used cars that the cars that are fresh off the production line are those that carry the greater price tag. However, what a large percentage of car buyers do not realise is that the value of a new car decreases instantly once it has been driven off the forecourt and decreases further after the first year of ownership. Whilst a decrease in value can be seen in almost all types of cars after purchasing it, it is not as a great as in
new cars where the value can fall up to thirty percent within the first twelve to eighteen months.
For people who have only ever purchased new cars, they are occasionally reluctant to move to buying used cars as they believe that the backup and incentives they receive from the new car dealership will not be able to be met by a used car garage.
For example, new car dealerships will generally offer a three year warranty on all new cars and will often throw in an additional bonus, such as a years insurance or free tax or servicing for the time that the car is under warranty. When this is coupled with the fact the car will not require an MOT for three years and the risk of it breaking due to wear and tear is greatly reduced, it can seem like a fantastic deal.
However, it has to be noted that most used car garages will be able to offer similar, if not better, incentives and support for all cars they sell. Unlike new car dealerships where they purchase the cars at a set price from the manufacturer, used car dealerships not only receive a lot of cheap part-exchange cars, but also have buyers travelling up and down the country looking for bargain cars to buy and then sell at their garage. As the buying price of these cars can be minimal, garages will advertise them at a higher price and be able to negotiate considerably, offering incentives to ensure that the sales goes through.
Author Resource:-
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