New car or used car? Top reasons to consider used
If you’re in the market for a vehicle, one of the first questions you have to ask yourself is this: new or used? The idea of a new car is nice – the new car smell, the chance to break in a brand-new engine. But there are huge downsides to buying a new car and many advantages to purchasing a quality used car. Here are a few for your consideration:
Insurance: It usually costs a lot more to insure a new vehicle than it does to insure a used car. If you buy a new car, you generally have to purchase enough insurance to cover the amount you owe in payments, which will typically be much more than you’d pay for a used car. Also, new car parts are more expensive, so that is factored into the insurance cost as well.
Depreciation: New cars start to lose value the moment you drive away from the dealership. In fact, it’s not uncommon for a car to lose up to half its value within just a couple of years. Usually used cars are a much better bargain.
New car bugs: You hear about it on the news all the time – manufacturers sending a recall notice to millions of customers. Although manufacturer defects can be discovered later, there’s a greater chance of discovering a problem with a brand-new model that employs new design or technology.
Upgrades: When you look at new cars, the price on the window is generally for the most basic model. If you want to upgrade for special features – perhaps a sunroof or power package – you’ll typically pay hundreds if not thousands more than you’d pay for the basic model. With a used car, the original owner already paid the premium. Generally, the value difference between upgraded and basic used cars is much narrower than the gap between basic and premium new cars.
Financing: Getting financing for any vehicle is a function of risk on the part of the lender. Since new cars typically cost more than used cars, there is greater risk attached to financing the higher amount. This is where your credit score comes into play. The higher your score, combined with your ability to make monthly payments, the better your chance of getting financed for a new vehicle. If your credit score is low, you’ll probably need to choose a used vehicle and a dealer who can work with you to get you the car you need at a payment you can afford.
As you can see, there are several advantages to considering a used car – these are just a few of the many things you may want to consider. The key is to make sure you purchase a quality used car that will give you many years of reliable service. Let us know of any questions you may have on buying a used car instead of new, and the experts at J.D. Byrider will be glad to assist you!
Tags: buy a used car, buying a used car, j d byriders, jd buy rider, jdbyryder, quality used cars, used car for sale, used cars for sales
September 25th, 2008 at 11:50 pm
Hey guys, when are you going to set it up so people can make their payments online?
September 26th, 2008 at 12:43 pm
Thank you for posting your comment! At JD Byrider, we are constantly looking for ways to improve our customer service and make your online experience even better. We do have online payments on the list of new services to be rolled out in 2009, so check back for details! Thanks again for your response, and continue to send your ideas on how we can better serve you.
Your JDB Customer Service Team
September 26th, 2008 at 3:30 pm
Excelent Post!
Keep the message coming, I agree with you 100%.
Neil
October 13th, 2008 at 4:19 pm
I bookmarked your blog, thanks for sharing this very interesting article
October 14th, 2008 at 10:32 am
There is nothing wrong with buying a used car; the problems arise when purchase from bad sellers. The secret to getting your money’s worth when buying a used car is choosing dealers that are trustworthy, honest and offers only the best pre-owned vehicles.
October 19th, 2008 at 3:28 pm
Razor said,
in October 19th, 2008 at 3:14 pm
Hi guys I am a website owner who promotes the sale of used cars in Ireland and I have found that there are lots of unscrupulous dealers out there and would give the following advise. before buying a car from a dealer be aware of your rights as there is little chance of you getting caught if you ask the right questions,
remember the dealer can not give you false information but may decide to omit something that you should know, so before buying a car download your consumer rights from the internet to insure you are asking the right questions. How many owners, is the millage genuine, does it have a full service record, has it been involved in an accident,or just check what I wrote on my forum but bear in mind that each country will have its own different interpretation of consumer law.
http://www.carsforsaleireland.ie/car-forum/buy-car/consumer-law-on-buying-a-car/
Thanks for your time
October 20th, 2008 at 9:44 am
Couldn’t agree with you more. J.D. Byrider is committed to providing a program that exceeds the customer’s expectations and maximizes their opportunity for advancement. That’s why we buy better cars to begin with, then put them through a comprehensive inspection and back them with title checks from Carfax or Experian. And every vehicle comes with a limited warranty that can help keep you on the road.
J.D. Byrider
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Susan
http://www.car-insurance-choices.com
January 11th, 2009 at 12:41 pm
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January 26th, 2009 at 5:59 pm
Very interesting article, i have bookmarked your blog for future referrence
Best regards
February 1st, 2009 at 9:17 pm
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May 3rd, 2009 at 6:05 am
Excellent info, especially considering I was looking at this brand for my next car.
May 3rd, 2009 at 6:31 am
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