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Owning a car might be one of the expensive purchases you have aside from your home. Having a car is nice and nowadays, it’s already a necessity. However, let’s consider also the additional finances such as maintenance, registrations, insurances, accessories and the fuel. It’s all about financial management. As a result, we reluctantly come to the conclusion that a new car is an unnecessary expense.

Indeed, there are overpriced used cars and bargain buys on brand-new vehicles, but it’s not just the sticker price that makes a new car a waste. Just consider those associated fees, subsequent costs, and depreciation value add up to thousands of dollars over the first few years of new car ownership.

Nevertheless, this is especially not tolerable if you turn upside down with your car loan. On the other hand, a “slightly-used” car – one that’s only around two years old and has less than 30,000 miles on it – can help you keep cash in your pocket without sacrificing quality. Below are some benefits of buying a used car (in like-new condition) over a brand new one.

Gives lower price and less depreciation

As an old saying goes: that a new car loses thousands of dollars in value the moment you drive it off the lot? Certainly, it’s still true, and that is why used cars are good deals. That is the reason why you can buy a 2006 Porsche for the price of a 2010 Honda but with the fact that someone bought the Porsche for $60,000 and now it can be yours for $30,000.

Offers low registration fees

In some places, the computation of the car’s annual registration fee is based on the car’s value and its model year. For instance, in Colorado, registration fees fall dramatically during the first few years after a car is manufactured. In the first three years, the rate is highest and then levels off after five years. If these rules are the same in your country then you can save about a thousand dollars by avoiding the new car registration fees and buying a car that’s at least three or better yet five years old.

Shows good running condition

These days, cars that are built can last for at least 100,000 miles. So, there’s no worry of sacrificing the reliability and overall condition by just getting a good deal on a used car. Having knowledge about cars, it is very possible of owning used or pre-owned cars that are scratch- free and in excellent mechanical shape or better yet in “like new” condition.

Nevertheless, if you don’t trust your instincts that much, you can rely on the certification programs and extended long-term car warranties that most car makers offer. Buying a used car at a manufacturer’s dealership, you can trust that they give thorough inspection to the vehicle and that it meets the strict requirements for certification. And with this, the manufacturer’s warranty for used cars will give you the major benefit that you can find.


It’s great and nice to smell the scent of new cars but how much is that scent really worth? Looking beyond the sale price and taking into account 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 use up a little extra time on research but from the initial price to the long-term costs, you’ll thank yourself for buying a slightly-used car that’s in good condition.

Get the latest deals on cheap card in your area, download our Cheap Cars app on Android by DYJO Webmedia now!