The cost of insurance is based largely on the replacement value of the vehicle. Since a used car is worth less than its brand-new counterpart, your monthly premiums are typically lower. In many states, the annual registration fee is also tied to the car’s value, saving you even more money every year. 4. Modern Reliability and "CPO" Programs
A new car loses about the moment you drive it off the lot. By the end of the first year, it can lose up to 30%. When you buy used, the previous owner has already paid that "luxury tax" for you. You get a reliable machine at a price that reflects its true market value, not its "shiny and new" markup. 2. More Bang for Your Buck why should i buy a used car
Here is why your next "new" car should actually be a used one. 1. Let Someone Else Take the Depreciation Hit The cost of insurance is based largely on