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Most people prefer to own a car. This gives them the freedom to travel wherever they need to whenever they want. Public transportation may work for you; however, it does have drawbacks. Without a car, you either have to pay for transportation or rely on others to get you places. With life already being so fast-paced, the last thing you need to do is spend extra time waiting around for public transportation. Owning a car makes your life easier in many ways. If you are in the market for purchasing a car, Shakopee used car dealerships have many options. Here are some reasons to consider purchasing a used car versus purchasing a new one. Depreciation Although the idea of having a brand new, shiny vehicle seems appealing, it doesn't come without a cost. You might want to purchase a car that has never had an owner; however, you probably aren't prepared for the financial hit you will take if you turn around and sell that car within a couple of years. When a new car is driven off a dealership's lot, the car's value depreciates as much as 20 percent. Within another two to three years, this car's value is only at about 60 percent of the purchase price. Some people prefer to purchase a new vehicle every one to two years. You can take advantage of this and purchase a gently-used car from someone who does this. That way, the depreciation has already been absorbed by them and you still get a high-quality used car. Lower Insurance Rates Insurance companies charge more for auto insurance policies on new vehicles than used ones. One reason for this is that new vehicles cost more to replace. Additionally, most new cars are financed through a bank and need full financial coverage. If you are in a situation where you need to finance a vehicle purchase through a bank, then you know how high monthly car payments can already be. The last thing you need is a high monthly auto insurance payment on top of your vehicle payment. Purchasing a gently-used car alleviates some of the financial burden for you. It allows you to live within your means and still own a car without going into massive amounts of debt. Better Used Car Standards Lemon laws and auto history websites make it easier to look into a vehicle's history than in past years. There are a few states that do not require individuals to disclose whether a vehicle's title is salvaged. If your state is one of the few that does not enforce this, then purchasing a used car from a bordering state with disclosure laws could benefit you. Negotiation Options When you purchase a brand new car, you can only do so from a dealership. However, when you purchase a used car, you can choose to purchase one from a dealership or an individual. With used vehicles, there is more leeway to negotiate the price with the seller. With some people preferring a new car every one to two years, you can shop around and find a high-quality car that has the features you desire. Even if you are hesitant to negotiate, it is in your best interest to do so. Even if you only knock down $300 off the asking price, that is $300 less that you will need to pay on the vehicle. It never hurts to ask. Shakopee used car dealerships have many reliable used car options for you to choose from. With some shopping around and checking on auto history reports, you can purchase a used car without compromising what you want and need.
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