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Buying a new car can be a great experience that is made even greater when you know that you are getting the best deal on the vehicle. There are lots of ways that you can get a good deal on a vehicle and one of these ways includes buying used. With that in mind, here are a few reasons to shop used cars for sale in Anchorage for your next vehicle purchase. Used Cars Hold Their Value Better The moment you purchase and drive a new car off the lot, that shiny new car that you are so proud of will have depreciated by 20%. After the first year you use it, the car will have lost another 10% in value. Experts suggest that by a car's third year, it will have lost half its value. By that math, if you buy a car that is 3 years old, you can expect to pay half or less than half of what that car was sold for brand new. Increase Sustainability It helps to think of buying a used car as recycling. Someone else was done with it and recycled it for reuse by a new owner. The costs associated with manufacturing a brand new vehicle are astronomical, to say nothing about their environmental impact. In fact, up to 28% of a vehicle's total lifetime carbon dioxide emissions are generated during the manufacturing process. Insurance Is More Affordable The amount you pay for insurance is largely dependent on the vehicle's value. A brand new car is going to be valued higher and the amount you have financed, if any, will also be higher. This means of course that your insurance premiums are going to be high to match. However, with a used car with a lower book value, you will get to enjoy lower insurance rates and an overall more affordable vehicle. Less Costly to Register In most states, the registration fees for cars in the first 3 years on the market are much higher. They tend to level off in the fourth year. You can still buy a car that is 4 years old and get a great, reliable car with all of the standard safety features, and you won't have to pay ridiculous registration fees year after year either. The Best Value Cars nowadays are running for over 200,000 miles. When you buy a used car for less money, you will still be able to drive that car for a long time before having to buy a new one. You can buy more car and drive it just as long these days but not pay too much upfront. Give You Peace of Mind Believe it or not, used cars are actually more dependable. When you buy a brand new car in its first or second year, you don't know what manufacturer defects you might have to look out for. It always takes about 2 or 3 model years to pass by before real valid consumer information is collected. You can have added peace of mind by buying a used car that you were able to extensively research first. Ultimately, if you are looking for a new ride, shopping for used cars for sale in Anchorage will save you a lot of money and a lot of hassle too. Read these tips for some of the benefits of buying used.
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