A car is something you rely on every day to get you from point A to point B. No matter what the season, used cars in el cajon gives you the ability to be an independent person and live your life without worrying about scheduling rides or requiring other people.
And yet, it can still be frightening when it comes time for a new car purchase. With prices sky-rocketing and fuel costs higher than ever before, many are now looking for alternatives, like used cars for sale.
Used Cars Are Cheaper Than You Think
While there’s no denying that purchasing a new car is often more affordable than purchasing one that’s used, it’s not always more cost effective.
In fact, a brand new car loses up to 20% of its value after the first year alone, and up to 30% within the first 5 years. Add in dealer fees, extended warranty plans and other extra costs, and you’re looking at a vehicle that can cost you thousands more than a used vehicle over the long run.
For example, let’s take a look at two cars – one that’s just one year old and another that is 10 years old – each with an MSRP of $35,990. The newer car has depreciated by 20%, making its current value $29,142. The older car has depreciated by only 7%, making its current value $31,064. Over the course of ownership, the older car comes out to be almost $2 cheaper per month.
Used Cars Are Easier on Your Wallet
That’s right – even though a new vehicle is more affordable upfront, it can cost you less in the long run. When you’re shopping for a used car in Seattle, you’ll pay less for maintenance and repairs because you won’t have to worry about paying for expensive new parts or a mechanic to install them.
Plus, insurance costs are lower on used vehicles because they are older and statistically have fewer accidents. And as an added bonus, you’re not likely to find any hidden fees or annoyances – finding a new car can be a lot of hassle.
Used Cars Are Safer than New Ones
When it comes to used cars for sale in Seattle, you won’t have to worry about the safety of your family members – those new car accidents you hear about on the news don’t happen very often. On average, only 1 out of 10 cars ever get into an accident in their first year. Most of those accidents happen at intersections and involve other vehicles – car accidents rarely occur at home or work.