The Benefits of Choosing Used Cars Over New

Torn between buying a new or a preowned vehicle? Here are a few advantages of choosing used cars…

Buying

The most obvious appeal of buying used cars is the price, which will be much lower if you choose preowned over new. This may mean that your budget will allow you to buy a better model from a more premium brand.

While you might not be able to choose the exact specification and trim that you want, as you would with a brand-new model, there are millions of used cars sold in the UK every year, which means that there is a massive range to choose from and there is a high chance that you will be able to find what you are looking for.

Selling

Every buyer will consider the current value of a vehicle when they come to purchase it, but it is also important to think about how much it will be worth when you sell it on. This is another area in which used cars excel, because they depreciate at a slower rate.

As soon as a new car is driven away from the showroom, its value drops significantly, and after three years of being owned, vehicles can lose up to two thirds of their original value. After the third year, the rate of depreciation slows, and cars will not lose such a high percentage of their value each year.

What this means is, used cars are not only cheaper to buy, but they also won’t be hit so hard by depreciation, so when you sell your car, you are likely to get a higher percentage back from the original amount you spent.

New or Used Cars?

Essentially, if you have a very specific make, model, colour and trim in mind, or you would feel uncomfortable driving a car with a history, new is the option for you. Although, reputable dealers should be able to provide full documentation of service history, and if you are more flexible with the vehicle you want, used cars offer far better value for money.

View our quality used cars for sale in Birmingham by visiting Smallbone and Son Cars today!