Used cars are great! No really, they are. They might have a stigma surrounding them as somehow lesser than news cars but we’re here to tell you not to believe the hype, used cars are awesome, you should be buying them, and in this article we’re going to give our top reasons why. 

Used Cars Are Cheaper

Obviously used cars are cheaper than brand new cars, that goes without saying. Costing less is a great benefit on its own but it comes with many sub-benefits of its own that you may not think about. Cheaper asking price also means cheaper insurance and cheaper maintenance costs. 

Because you’re able to buy more with less you’ll most likely be able to buy nicer, more luxurious used cars than you’d be able to buy when shopping new, and there’s going to be  a wider array of options to choose from. 

Used Cars Have More Information

Another distinct advantage used cars have is time on the road. You may see that as a negative but look on the other side. More time on the road means there’s much more information out there about the cars, both individually and as a make and model. With a year under its belt the world will have figured out all of the distinct flaws and possible worries of any car you intend to buy. 

And with car history reports you can see how your car has been taken care of and by who, which is an advantage you don’t have when shopping new. And if you’re especially cautious about previous owners, most dealerships have certified pre-owned programs where they make sure that the pre-owned cars have been thoroughly checked and are good as new. 

Used Cars Depreciate Slower

If you want to view things in purely financial terms then a used car is just a safer investment. Cars are a depreciating asset which means that they lose value over time, however they lose that value at a decreasing rate. What that means is that a car loses the majority of its value in the first few years of ownership. 

If you’re looking to buy a car just to sell it on then absolutely you should only ever do it with used cars, buying a new car just to sell it is a massive waste of money as it’s said that a car loses 20% of its value the first time you drive it off the lot. There’s no such rule for used cars.