Car prices are increasing as the auto business changes quickly. Nowadays, it is very hard for a person with an average income who has to fulfill other needs of his/her family to own a car, due to increased taxes and petrochemical prices. Ironically, despite the continual price increase, a car’s average lifespan is decreasing, which is excellent news for anyone looking to acquire older cars. More and more contemporary automobiles are now hitting the used cars in phoenix market as a result of manufacturers releasing newer versions of their models sooner today than they did a few years ago. This makes it simple for us to make a nice purchase without having to break the bank.
Reason 1: Can enhance your segment while saving money
A brand-new car that has just left the showroom can lose 15% of its original buying price in less than a minute as it enters the used car market. Opting for a second-hand or used car saves a lot of wealth in terms of money as the price dips much lesser than the original one (based on the year it was made and the number of miles it has been driven).
Reason 2: Get certified used automobiles with warranties without lying here
The selling and buying of the whole automobile industry have changed a little bit now. At first, we have to rely on and entirely trust the seller or dealer, or the individual that the used automobile(car) is in good and drivable condition. The thing which is now the “power of certification” is now in our own hands!
Reason 3: Less money is lost due to slower depreciation
Every car depreciates, but a used car has an advantage over a new car in terms of the same. Compared to a brand-new car, it loses value more slowly. Let’s investigate how: A vehicle’s depreciation peaks in the first three years after purchase.
Reason 4: Insurance is less expensive, and you won’t have to pay extra fees.
Consider the breakdown below between a new car’s ex-showroom pricing and on-the-road (OTR) price to get a better idea.