Who doesn’t love nice cars? I myself am a lover of sleek cars but I also try to manage my finances responsibly. As a result, I have reluctantly come to the conclusion that a new car is an unnecessary expense.
Sure, you can find overpriced used cars Auckland and bargain buys on brand-new vehicles, but it’s not just the sticker price that makes a new car a waste. The associated fees, subsequent costs, and losses in value (i.e. depreciation) add up to thousands of dollars over the first few years of new car ownership. This is especially bad news if you end up upside down on your car loan.
On the other hand, slightly used cars Auckland – one that’s only around two years old and has under 50,000-30,000 miles on it – can help you keep cash in your pocket without sacrificing quality. And these types of used cars Auckland can be found on leading dealers and lots or used vehicle specialists like the Wholesale Autos Below are 6 benefits of buying a used car (in like-new condition) over a brand new one.
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Used Cars Auckland: Lower Price Tag, Less Depreciation
Remember the old adage that a new car loses thousands of dollars in value the moment you drive it off the lot? It’s still true, and it’s why used cars Auckland from lots like Wholesale Autos are better bargains. It’s also why you can buy a 2007 Porsche for the price of a 2011 Honda. Someone bought the Porsche for $60,000 and now it can be yours for around $30,000.
If you buy a car that’s one or two years old, it’ll still depreciate, but you’ll lose less money less quickly. And you’ll avoid that big initial hit that the previous owner took.
Sales Tax on New Cars
Every ad for a new car glosses over the tax issue. If you buy used cars Auckland from sellers like the Wholesale Autos you won’t owe any sales tax at all. Comparatively, the sales tax that dealers have to add to the price of a new car can be thousands of dollars. Don’t underestimate the savings, and research your state’s laws on the subject before you make a decision.
Useless Extras on New Cars, Cheaper Features on Used Cars
The oldest trick in the dealer’s book is to install additional dealer options. They’ll add a pinstripe, a protective film, or the immortal “anti-rust coating,” but new car buyers who want these add-ons can easily get them for a much lower cost from an after-market installer. Regardless, these changes don’t add a dime to the car’s resale value anyway. When you buy used, you may not get every feature you want, but you certainly won’t end up paying extra for things you didn’t ask for.
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On the other hand, when you search for specific features that you do want in used cars Auckland, like a sunroof or navigation system, you’ll pay far less than the original owner did. Instead of needing to decline a dealer’s expensive navigation package with fees and surcharges, you’ll be able to afford the built-in features.
Dealers and Their Crazy Fees
As if paying $500 for rust-proofing isn’t bad enough, dealers hit new car buyers with shipping charges, destination fees, and “dealer preparation.” These fees feel even worse because unlike the unnecessary, unwanted pinstripe, owners have absolutely nothing to show for these charges except a lower bank account.
Instead of caving to dealer fees and buying new, you take on a more powerful role when you’re in the market to buy used cars Auckland from lots like Wholesale Autos. You have a much better case for negotiating when you can tell a private seller you might just walk away from their old car.
Nowadays, cars are built to last for at least 100,000 miles, so you don’t have to sacrifice reliability and overall condition just to get a good deal on a used car. You can get a used (or “pre-owned”) car that’s scratch-free and in excellent mechanical shape from leading sellers of used vehicles like the Wholesale Autos. In fact, if you know anything about cars, you should be able to find one that is in “like new” condition.
New cars smell great, but how much is that scent really worth? By looking beyond the sale price and considering the total cost of buying new, you can get a better idea of how much you are really going to pay for the privilege of being the first owner of your next car. You might have to spend a little extra time on research, but from the initial price to the long-term costs, you’ll thank yourself for buying slightly-used cars Auckland from Wholesale Autos that’s in good condition.