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Over the years, vehicles have become much more reliable, giving car buyers a lot of options. For many people, "used car" is a scary term, and can stir up thoughts of something used or thrown away. This may have been true 10 or 20 years ago, but today you can purchase a vehicle in great condition and save a lot of money. Most new vehicles lose 10-20% of their value as soon as they are driven off the dealer's lot. If you purchase a car that's only been driven a year or two, it's like getting a new car without having to pay extra.
So why do some people avoid used vehicles? The majority fear being stuck with a car that needs constant maintenance or is simply not worth the money. However, a smart approach can prevent you from buying a lemon and get you a great deal. Here are some advantages to buying used:
Insuring a new vehicle is much more expensive than insuring a used vehicle, so you should also be able to save here as well.
A large number of dealers sell certified used cars (vehicles that are still under factory warranty). This usually means fewer maintenance fees for you.
Some time ago, if you went to a dealership you would not know where the used cars came from. This is not the case today. You can look up the Vehicle Identification Number (VIN) and get a full history report that will show if the car has ever been in an accident or been damaged in any way.
Financing a used car has never been easier. You can obtain a loan from the dealership, a bank, or even an online financing institution. You do not have to pay cash anymore.
And most importantly, with the technological development of the car industry, cars have never been so cheap and easy to maintain. You can purchase a high-quality vehicle that will perform just like new while keeping some cash in your pocket.
Making the right choice is essential. A vehicle is one of the most expensive things you will ever buy and DriversEd.com wants to help you make educated decisions before, during, and after you buy.
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