While visiting my aunt, I noticed a new silver 4WD parked in her driveway. I wondered if she has a visitor but before I could asked her she exclaimed, "Well, how do you like my new car! I just got it yesterday from a GMC dealer". I answered, "You mean the used car dealership"? She nodded. It was a 2010 GMC Acadia that costs almost 40% less than it should have a year ago when bought brand new.
We took the car for a ride with my aunt in the steering wheel, of course. I wondered out loud whether she would need a lot of maintenance in the months to come since it is a used car. She told me perhaps just very minimal maintenance since its previous owner is a female office worker who just used the vehicle mainly in the city area to and from her house and perhaps if she needs any repair work at all she knows of a very good GM dealer that offers used car maintenance and repair at very affordable cost.
I was really impressed because the car looks and smells like almost new inside and out. The sound of its engine and even its transitions is so smooth with no disturbing noises, and even its car stereo had a powerful bass. I am just happy for my aunt, who seems so contented and happy of her new car. I am not surprised at all at her decision of going to a used car dealership instead. Although I know she can afford a brand new car if she wants. My aunt is just very good with her finances.
Walking back home, I wondered if buying a good used car is a wiser choice. I smiled when remembered my friend who bought a brand new hatchback. She freaked out when she noticed a nasty scratch in one of its doors. For a week all she is talks about is how evil and thoughtless people can be without considering other people's feelings. Thankfully after awhile she got over it and decided that the damage is only on the car's aesthetics after her car insurance took care of the nasty scratch.
I've recognized the advantages of purchasing a used car compared to a brand new car are as follows:
First, a new car depreciates a great deal as soon as you drive it out of a car dealership or any GM dealer for that matter. The devaluation does not stop there but continues to do so every year. Approximately a brand new vehicle lost 25% of its value on the first year. This particular disadvantage of purchasing a brand new vehicle is an advantage when buying a second hand car. A second hand car depreciates much less after purchase so the buyer does not lose so much of its value compared to new cars.
If you are the type who puts a premium on value, like my aunt, finding a good used car can be extremely rewarding. There's a typical belief that purchasing a used vehicle is risky and also the buyer might end up having to pay more on its upkeep or vehicle breakdown. Nevertheless, the fact that vehicles nowadays as it has been in the previous years are quite sturdy and durable is a contradiction. How would you explain for instance, the 15-30 year old cars still running the streets today?
If you happen to find the owner who is willing to sell his or her car to you then you are quite lucky. First, you know the owner and his/her lifestyle and second you can negotiate its price. Generally, it's much cheaper and easier to negotiate with car owners than from car dealers in used car dealerships.
Insurance for a pre-owned costs less than a brand new car. In case there's damage on your brand new car, the insurance will cover the costs of restoring it to its original look. With pre-owned cars small dents and scratches are not a big deal and can be easily be repaired or repainted.
With a used car, you won't have to exert a lot of effort finding the safest spot to park it while pretending not to worry about is safety. Needless to say, with a used vehicle any available parking space will do. The smartest thing of all, you're paying much less for the insurance coverage.
So if value is more important to you, going to a used car dealership or GM dealer is a smart option. Their friendly and approachable staff is there to help you. Discuss with them a convenient payment terms for you and they will be happy to assist.
We took the car for a ride with my aunt in the steering wheel, of course. I wondered out loud whether she would need a lot of maintenance in the months to come since it is a used car. She told me perhaps just very minimal maintenance since its previous owner is a female office worker who just used the vehicle mainly in the city area to and from her house and perhaps if she needs any repair work at all she knows of a very good GM dealer that offers used car maintenance and repair at very affordable cost.
I was really impressed because the car looks and smells like almost new inside and out. The sound of its engine and even its transitions is so smooth with no disturbing noises, and even its car stereo had a powerful bass. I am just happy for my aunt, who seems so contented and happy of her new car. I am not surprised at all at her decision of going to a used car dealership instead. Although I know she can afford a brand new car if she wants. My aunt is just very good with her finances.
Walking back home, I wondered if buying a good used car is a wiser choice. I smiled when remembered my friend who bought a brand new hatchback. She freaked out when she noticed a nasty scratch in one of its doors. For a week all she is talks about is how evil and thoughtless people can be without considering other people's feelings. Thankfully after awhile she got over it and decided that the damage is only on the car's aesthetics after her car insurance took care of the nasty scratch.
I've recognized the advantages of purchasing a used car compared to a brand new car are as follows:
First, a new car depreciates a great deal as soon as you drive it out of a car dealership or any GM dealer for that matter. The devaluation does not stop there but continues to do so every year. Approximately a brand new vehicle lost 25% of its value on the first year. This particular disadvantage of purchasing a brand new vehicle is an advantage when buying a second hand car. A second hand car depreciates much less after purchase so the buyer does not lose so much of its value compared to new cars.
If you are the type who puts a premium on value, like my aunt, finding a good used car can be extremely rewarding. There's a typical belief that purchasing a used vehicle is risky and also the buyer might end up having to pay more on its upkeep or vehicle breakdown. Nevertheless, the fact that vehicles nowadays as it has been in the previous years are quite sturdy and durable is a contradiction. How would you explain for instance, the 15-30 year old cars still running the streets today?
If you happen to find the owner who is willing to sell his or her car to you then you are quite lucky. First, you know the owner and his/her lifestyle and second you can negotiate its price. Generally, it's much cheaper and easier to negotiate with car owners than from car dealers in used car dealerships.
Insurance for a pre-owned costs less than a brand new car. In case there's damage on your brand new car, the insurance will cover the costs of restoring it to its original look. With pre-owned cars small dents and scratches are not a big deal and can be easily be repaired or repainted.
With a used car, you won't have to exert a lot of effort finding the safest spot to park it while pretending not to worry about is safety. Needless to say, with a used vehicle any available parking space will do. The smartest thing of all, you're paying much less for the insurance coverage.
So if value is more important to you, going to a used car dealership or GM dealer is a smart option. Their friendly and approachable staff is there to help you. Discuss with them a convenient payment terms for you and they will be happy to assist.
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