Used Cars

10 May 2017

4 Smart Reasons Why You Should from Rent 2 Own Cars

You don't have to wait till you have the money for a car. With the right checks, you can buy a used one that will save you a substantial amount of money. In Australia, purchasing a used car will allow you and your family to enjoy the comfort of a good car without incurring the huge cost of purchasing a new car. Here are four of the smartest reasons why you should buy a used car from Rent 2 Own Cars.

1. Overcome Rapid Depreciation

New cars usually depreciate at a very rapid rate shortly after you buy them. In fact they lose at least 30 percent of their original value within the first 12 months. This means that a car that costs $24,000 will lose about $8,000 within a year. You can easily prevent this by buying a used car that is 12 months old. This may be a difficult task because a car that has been in use for just one year will seldom be put up for sale. You may, however, be able to find used cars that are over two years old with owners who are ready to sell them or trade them for a new model.

2. Reduce the Cost of Insurance

Every car must be covered by vehicle insurance, which requires you to pay monthly premiums. Reducing the cost of your car insurance will have a direct impact on your disposable income since it is a recurring cost. Car insurance is however determined by the value of the car you are insuring. So your used car will cost less to insure than a new one. You can even save more money because some aspects of your car insurance such as theft and collision may drop for older cars.

3. Get More Value for Your Money

When you buy a used car, you can obtain great value for each dollar you put on your car. For instance, using the same analysis in the section on avoiding depreciation, you can pay less for the same car after two years and still enjoy the same comfort, luxury and number of miles as someone who bought a brand new car. So if you cannot yet afford the cost of the brand new model of your desired luxury car, you should buy a two year old one. Now that most car manufacturers are not redesigning their models annually, you can buy a used car and people will think it is brand new.

4. History Reports Give You Peace of Mind

In previous years, buying a used car involved taking a lot of risks. In fact, some people described it as buying another man's problems. But that era is fading away. With the help of the vehicle identification number, you can verify the actual mileage of a car and know whether it was involved in any major road accident or not. Gone are the days of buying a refurbished vehicle that was written off by an insurance company. If you want to have the greatest peace of mind, you can purchase a certified pre-owned car. Manufacturers offer these used cars with similar warranties provided with new cars.

Conclusion

Those are some of the most important reasons why you should buy a used car from Rent 2 Own Cars with offices across Australia. With the ever increasing reliability of older vehicles and the massive cost savings you can enjoy, buying used cars is a very smart decision.

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