When it comes to buying a car, the first thing that many people think of is getting a loan for a brand new vehicle. Many don’t even entertain the thought of checking out other possible options, such as a pre-owned automobile.
While it’s totally up to you to buy a new one, you shouldn’t discount the benefits of buying a secondhand car. This is especially true in Auckland, where you’ll find used cars that are nearly as good as brand new automobiles, but at an affordable rate. Affordability is only one of the many other reasons they have quickly gained momentum. Here are some of the others.
Far lower value depreciation
Whenever you buy a new car, it depreciates the moment you drive it away from the dealership. Once you’ve put in about 56,000 kilometres on it, it would have already depreciated more than 50 percent.
That’s how quickly you lose when you invest in a brand new car in New Zealand, the country with the highest depreciation rate. A pre-owned car will still depreciate but not as much as a brand new car.
After a few years, you can still sell the car at nearly the same amount you paid for it. You also don’t have to pay much for a relatively new car, and it would still have the same performance as a new model.
The greener, eco-friendlier choice
You could also choose electric or hybrid cars. These cars may seem to cost much initially, but all of these will reveal their worth in seven to eight years.
You could always go for the more environmentally-friendly option or a used vehicle that suits your budget. When you purchase a used vehicle, you can check its condition to see if its condition meets the requirements and have features that do not harm the environment.