4 Reasons Your First Car Should be a Used Car

When a person thinks of buying their first car, they expect a brand new and shining car, just as they see in an advertisement. In reality, however, buying a car is a different ball game altogether. It is recommended by many professionals that your first car should ideally be a used car. There are good used cars in kochi, Ahmedabad, Bangalore, Hyderabad, and every city of India. But why should your first car be a used car? Here are 4 reasons why:

1. Used Cars Have a Low Rate of Depreciation

Cars are a depreciating asset. The newer they are, the higher will be their rate of depreciation. When you buy a used car, most of its price has been depreciated already. The price of a new car depreciates up to 50% within the 3 years of its purchase. By buying a used car, you buy a car that’s practically as good as new and its price is significantly lower than a new car. This way you can save a lot of money.

2. Used Cars Give More Value for Your Money

Suppose your budget is 5 lakhs for your first car. If you check out new cars, there will be very few good cars within your budget. However, if you have the same budget for a used car, you will get a lot more than you expected in the new car section. You can buy a better used car in your budget than you can buy a new car.

3. Used Cars are Ideal for New Drivers

No one learns driving on a brand-new car. Everyone learns on an old one before moving to a new one. The reason being a person will make mistakes when learning to drive. It is inevitable for a learner to make mistakes when learning. For a learner in driving, making mistakes at times might translate to bumping your car into other things or using it quite roughly, which can cause significant damages to your car. No one wants to do that to a brand-new car. A better and more affordable option, especially if you have just recently learnt to drive, is to buy a used car. And once you buy a used car, familiarise yourself with the car, drive it frequently, and understand your driving style and preference over the next 2 years at least. Afterwards, based on your familiarity, liking, and the purpose of driving, look for a new car that meets your requirements.

4. Low Insurance Cost

A low rate of depreciation refers to the low insurance premium. As a car’s value depreciates every year, so does the cost of insurance. So, a used car will not only be affordable to your pocket because of its price, but the cost of its insurance policy and renewal will be friendly to your pocket as well.

Buying a car is a dream of almost every individual. It’s a big step in every person’s life to buy a car of their own. By choosing a used car as your first car, you allow yourself to make mistakes so that when you buy a new car, it will be worth the wait, and you will be all the more familiar with the car and its maintenance.

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Created on Oct 29th 2021 02:45. Viewed 449 times.

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