BENEFITS OF BUYING A USED CAR

THE biggest advantage of buying a used car is that you let someone else take the biggest depreciation hit on the car. You may be able to sell your car for nearly the same amount you paid for it in the next few years. You can still find good financing options through your local bank or credit union, and because you are not losing the money on depreciation, you may come out ahead of a zero interest loan that you would take out on a new car.

When you buy a used car, it is easier to save up and pay cash. You can also review the Consumer Reports and choose a model that has been performing well.

Another advantages is that your insurance rates will be lower on a used car as opposed to a new one. If you are in your early twenties and paying high insurance rates because of your age, this may be a significant savings.