Furthermore, insuring an older asset is costly if your provider determines it to be a higher risk. Financing - While it may be cheaper to buy second-hand cars, you will normally be required to pay cash.Also, you are much more likely to receive an accurate history of a younger vehicle. As such, it is still possible to benefit from warranty and service plans. Age - There is a growing trend towards selling second-hand cars relatively early into the term of ownership.You should have little trouble finding the exact make and model you want and, because it’s pre-loved, you could even consider upper-level trims that you would not be able to otherwise. Variety - There are more than twice as many used vehicles on sale in comparison to new ones, so there is no shortage of choices.Many extra costs associated with firsthand purchases, as well as options you may be tempted to add on, are not tacked on once the deal is concluded. Transparency - The price shown is the maximum price you should expect to pay.Since depreciation sets in the moment it is taken off the showroom floor, it is possible to find a relatively new model at a significantly lower cost. Pricing - Generally speaking, pre-owned vehicles cost a lot less to buy.
