Published On: Thu, Jul 30th, 2015

What Makes Today’s Used Cars Popular With Motorists?

There’s no denying that any potential car buyers have a vast choice in front of them. There are plenty of marques to select from, and you also have the choice of new and used vehicles. But, when it comes to buying secondhand, why are they still such a popular choice?

Volvo C30 2.0 D

After all; there are plenty of tempting lease deals on new cars. With the right form of leasing, it’s possible to get a new car every three years without paying a fortune. Still, those facts don’t dissuade motorists from buying used models. The following seems to make buying used a popular choice in 2015:

Depreciation means savings

Some car buyers won’t want to get a vehicle that’s ten or more years old. In fact, they want to get something as new as possible for their money. A growing trend is to buy a car that is less than 24 months old.

Doing so offers a couple of benefits. First, you don’t suffer from depreciation as much as a new car buyer would. And, second, you can get thousands knocked off the price versus a new model! So, even though depreciation is a bad thing, it can be a good thing for used car buyers.

Manufacturer’s warranty

Another bonus of buying an “almost-new” car is that you can enjoy the remaining warranty. Manufacturer’s warranties last between three and seven years, depending on the marque.

A used car dealer can often ensure you get entitled to the remaining warranty. That’s despite the fact you didn’t buy the car from new! Why is that so? You might not realise it, but many new cars get sold to fleet companies. As part of a fleet agreement, the servicing and maintenance gets done as specified by the car maker.

Possibility of finance

If the used car you want is worth a few grand, chances are you won’t have the money to pay for it upfront. These days, it’s possible to finance any used vehicle, regardless of age.

All you do is pay a deposit, agree payment terms and the car is yours to keep at the end of the agreement. Car finance on used vehicles is more affordable than leases on new models for obvious reasons. That’s one of the biggest selling points of used cars in 2015.