Statistics from the National Automobile Association show that an average person owns thirteen vehicles during a lifetime, with each having an average cost of thirty thousand dollars. If you purchased each of these vehicles used and when they were three years old, you would have achieved a cumulative savings of about a hundred and thirty thousand dollars rather than purchasing a new one.

The advantages of buying a used car apart from the huge financial difference also include the benefit of letting someone else take the depreciation hit on the vehicle. Other advantages include;

A higher resale value. Since it is a used car, you may be able to sell the car for the same amount you purchased in just a few years. You can also benefit from obtaining solid financing options through a credit or union bank. 

More options for a car purchase.

Each year, Car manufacturers only release a few models of new cars. When you shop for a used car, on the other hand, you have been opportune to shop from thousands of makes and models that have come out over the past several years.

Cheaper insurance; the cost of your insurance is largely determined by your car’s value. The more valuable your car is, the more money you’ll have to pay insuring it. Therefore, with all the depreciation, you will be paying lesser insurance.

However, the biggest disadvantage associated with buying used cars is the reliability and possible repair costs. However, there lies the option of buying a certified preowned car through car companies which we utilize when helping you purchase your used car.

Another disadvantage is that you may need to compromise a few of your preferences, like in colour to get the one with better mileage and history.