Sometimes purchasing a used car makes more sense than purchasing a new one. This is because you can get a used car at a much lower price. Many buyers are doubtful when buying a used car, since it has previously been owned. There are however, certification programs through dealers that guarantee a used car is in great mechanical condition.
When it comes to financing though, used cars usually have higher interest rates. In most cases, the extra interest won’t compare to the amount of money saved by purchasing used instead of new. By financing a used car loan, you won’t see as much depreciation of the vehicle within the first few years that you might when buying new. If this is your first time buying a used car and you aren’t sure you will find what you are looking for, go car shopping. You might be surprised by what you see and may even find a used car that will suit your needs.
You can also get a used car warranty to protect your investment. This will help put your mind at ease knowing that any potential problems will be fixed.
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Published in by CARCHEX on April 8, 2015