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All used cars aren't created equal. Buying a previously owned vehicle can feel like a huge gamble, but it's not always as risky as it might seem. The internet today has countless resources that let you see into a vehicle's history, value, and even past owners. Many used vehicles are just as functional and have a similar mileage as new ones, but are cheaper only because they were driven off the lot. With a little bit of time and research, you can save thousands of dollars by looking in the right places. Saving Money This one's obvious - a previously owned car is cheaper than a new one. As soon as the vehicle drives off the lot, it's value decreases by up to 20% regardless of the mileage. So even if a pre-owned car has barely been driven and maintains a low mileage, it's significantly cheaper. If you're looking for the biggest bang for your buck possible, going used is the clear answer. Lower Registration Fees State registration fees are generally based on the transaction price. Buying a used automobile for less money than a new one, therefore, results in lower registration fees and, ultimately, more money saved. Lower Insurance Costs A vehicle's value takes part in determining its insurance costs. A used one, even if it's almost new and has minimal mileage, is technically less valuable and has lower insurance costs and, as aforementioned, registration fees. Minimal Depreciation Aside from the approximate 20% value depreciation from driving off the lot, most new cars lose another 10% after their first year. You can avoid this steep decline in value by buying a pre-owned vehicle that's already been driven for a few moths. If finding a previously owned car that's only a year old is tricky, automobiles that are only two or three years old are often easier to come by and it's often possible to find one with similar mileage. More Options Buying a previously owned car allows you to look at models from various years, not just from the most recent makes. There can be significant variation in the same model because add-ons and features change from year-to-year. Dealerships often have a huge variety in their stock of pre-owned vehicles, offering different models, manufacturers, and features. Working with a dealership salesperson, you can easily find an automobile to suit your wants and needs. There's nothing like the famous new car smell, the single-digit mileage, and being the first person to drive your automobile off the lot. Having a new vehicle is nice and it can be more secure than buying used, especially if you don't buy through a dealership or certified salesperson. But if you're shopping on a budget and want the biggest bang for your buck, you can save money without losing quality just by getting a newer "used" car with a low mileage. When considering cars, Springflied residents visit Central Chevy Auto. Learn more at http://www.centralchevyauto.com/WhyBuyCentral.
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