4 Reasons to Buy a Used Car 

 Many people aim to buy a new car straight off the lot, but there is something to be said for buying a used car. Even if you can afford a brand new car, buying used may be your better option. Aside from the lower prices, check out these four reasons to choose a used car: 

  • Value. As soon as a new car is driven off the lot, its value decreases by 15-20%. In fact, by the time a car is four years old, it is worth only about half of its original value; after that time, however, cars depreciate much more solely. That means that buying a car that is past the quick depreciation years, such as a car that is three to four years old, allows you to pay less while still maintaining much of your value. 
  • Lower Fees. Two major car expenses include insurance and registration, both of which are lower for used cars. Because used cars aren't worth as much as new cars, they are less expensive to insure, even with the same coverage as a new car. Registration fees are based on state and location, but many states offer lower registration fees to used cars and the value based on the sale price. 
  • Less risk. Although newer cars tend to have more extensive safety and security systems, they are also more desirable for car thieves. There also tend to be less of each make and model of used cars on the road (consider the number of 2016 CRVs versus 1995 Corollas), which may help when trying to locate a stolen car. 
  • Novelty. A lot can be said for the character of older cars. With today's modern technology, it is easy to buy the used car of your dreams from a dealership states away and have it shipped to you. Used cars offer a lot more variety in make, model, color, and features, which means you can find the perfect used car to meet your style and driving habits.          

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