Finding Parallels Between Automobiles and Life

Things to Consider Before You Get that Used Car

Did you finally get your driver’s license? Maybe you are feeling elated that you have finally passed the driving test. You feel excited because you want now a car of your own. You imagine that you can finally do what you want with a car of your own. You picture yourself being able to do some errands around town in that car of yours. You even imagine going on an out of town trip with it. You are just excited to buy your own car.

Since this is the first time that you will be buying a car then you think that a used car might fit the bill for you already. You might think that all you need is a running car since this is your first purchase. You also don’t want to blow your savings on a brand new car. So you conclude that a used car will be good enough for you. You may have even visited used car dealers already to see the used cars that are on display there. But before you get your used car from a car dealer consider the following first.

You need to consider that a used car won’t have much resale value. When you get bored with the used car or when you finally have more money to buy a new one the resale value of your used car will be low. Thus you are guaranteed not to get back the money that you bought for it. When you sell it even after only one year of using it, it will be sold for a low amount only.

The second thing that you have to consider is that there are hidden costs that may come with the used car. Car dealers usually make more money from these hidden costs even from used cars that they are selling. This will be all the more true when you avail of their in-house financing to pay for the used car. This is the reason why there are some who opt to pay the full amount in cash to avoid the hidden costs.

The last thing that you need to consider is that the cost of using a used car is high. The reason for this is its low fuel efficiency. Since you don’t have knowledge about its previous owner then you may not know also how it was handled by that owner. But you can be sure that it is not fuel efficient anymore. Smooth functioning is also something that you cannot expect from it. This is because it may have been driven for many miles already. These two conditions will result to you having to make more trips to the gas station.

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