Used Car HOME
Why a Used Car?
There are number of reasons
why an individual would want to buy a new car...prestige, lack of potential service hassles, the ability to get
the latest model, etc. Why, then, are so many more used cars sold annually in the U.S. and Canada than new cars?
In a word: Money. The initial cost of buying a used car will be less and someone else will have taken the bite
for the initial depreciation. Many car buyers feel that to pay $3000, $5000 or more for the luxury of having a
new vehicle is too expensive a price to pay, especially when the bulk of that extra expenditure gets eaten up by
depreciation when the new car is driven off the lot.
You will also save money when buying a used car by not having to pay for certain items that are standardized on
new cars. For example, the transportation cost is included in the sticker price of every new car, and the consumer
is forced to pay it. Dealer advertising charges, although "hidden" on the dealer invoice, are absorbed
by the new car buyer. In addition, new car dealerships will often charge for expensive "add-ons" that
push up the price of a new car. A used car buyer saves money by not having to pay for such items. Plus, the lower
selling price of a used car will equate to a lower fee for taxes, which are generally based on the vehicle price.
An additional advantage of used cars over new is your ability to adapt a desired vehicle to your budget. If you
are interested in a new vehicle, the price will be fairly well established. The car will have a Manufacturer's
Suggested Retail Price and an Invoice price (what the dealer pays for the car) and somewhere between those two
numbers is the price you will pay. With a used car, because of variances in mileage and condition, your field of
choices--and the prices you will pay--are widened. For example, if you have decided that a 2003 Ford Taurus will
best fit your needs and wants, you will be able to choose between cars that are in near perfect condition, with
low mileage (and at a higher price) and those that have somewhat higher mileage and perhaps are in less than perfect
condition (and at a lower price). With some mileage and condition concessions, you can get a car you want at a
lower price, or get more equipment and options without spending more money. You can't do that with a new car.
For many consumers, because of the pricing structure of new cars (the average new car is well into the $20,000
plus range), there is no alternative. Their budget absolutely determines that they buy a used vehicle, and they
want to get as much value as possible for their dollars spent. If you need to buy a used car, you will want to
have assurances of quality and reliability, the same as any car buyer. The information on this web site will help
you separate the good choices from the turkeys and the problem cars from those that are more likely to give you