Why you should buy a used cars?
1. Less vehicle depreciation Vehicle depreciation is an inescapable fact of driving, however a used vehicle offers far less depreciation than a new vehicle. New cars often depreciate about 20 percent when they are driven off the lot. And most autos will lose another 10 percent in value within the first year. That’s a loss in value of 30 percent during the initial year of ownership. A used vehicle depreciates at a significantly slower rate than a new one. This is because once you are behind the wheel of the automobile it would have already undergone its primary depreciation. New automobiles depreciate as soon as they are driven off the lot, but used cars depreciate more gradually, giving you a more consistent loan-to-value ratio. 2. Reduced insurance rates Insurance charges vary dependent on your age, driving history, credit score, mileage and region. Typically — just as the vehicle will cost less — insurance for a used vehicle tends to be lower than that of a new vehicle. A important