What Makes Used Cars More Affordable?

Buying a car is a huge financial decision. And for most of us, affordability is the key factor that makes a huge difference. Of course, everyone has the allure of a shiny, new car, but then, it can get really expensive. Used cars not only save your money but also offer several advantages over the long term. How about checking the best benefits that used cars can offer you?

What Makes Used Cars a perfect choice? 

Well, there are several reasons that would make used cars an excellent option to explore. The value for money option offered by the used cars, especially from Indus, makes it a wiser choice. 

Lower Depreciation

Well, yes, the cars and their value keep on depreciating over the years. However, the rate of depreciation slows down after the first few years. When you buy a used car that has clocked 3 to 5 years, the steepest depreciation has already occurred. If you want to sell your car down the line, your resale value may not take a big hit, as in the case of a new car. That would mean the total cost of ownership of your car is considerably reduced. 

Read to know, What are the Factors that Affect the Car Depreciation Rate?

Reduced Insurance Premium

This should be another benefit of buying a used car, which significantly reduces insurance premiums. Because insurance premiums are directly linked to the car’s price, buying a used or lower-priced vehicle can reduce your insurance expenses, allowing you to save money year after year. It is quite possible that some older vehicles may not need comprehensive or collision insurance. This will help you further reduce the insurance costs per annum. You can thus choose affordable insurance plans that suit your budget and specific needs.

Also read, How to Save Money on Your Car Insurance?

A Wider Selection

When buying a new car, your choices are considerably limited. You are stuck with the current year’s model offerings or the variants available at the moment. The used car market, however, provides a much broader selection, allowing you to find a vehicle that best suits your preferences and budget. You can make a choice from among different brands, models, body types, years, and trim levels.

This variety allows buyers to be more selective. You will be able to find a vehicle that suits their exact needs and preferences. That too, without being confined by the limited choices of the new car market. Think of models from sedans and hatchbacks to SUVs and electric vehicles. You will find that the pre-owned market gives you access to a diverse inventory at various price points.

Better Availability of Spares

Old vehicle owners found it hard to find the spares. But that has become a thing of the past now. The availability of spare parts for used cars has improved significantly over the past few years. In fact, the growth of aftermarket spare parts is one huge development that has taken place in recent times. 

The easy availability of spare parts and services has contributed to lower maintenance costs as well. In essence, you would also find many mechanics being comfortable with the older vehicles than the new ones. You are most likely to find the accessories at a considerably lower price. 

Easy to Upgrade 

Used cars offer the much-needed ease of upgrade that new cars may not offer you. Given the fact that the base price of your car is considerably lower, you may have enough funds to upgrade your vehicle with accessories. The aftermarket upgrades, such as new infotainment systems, upgraded tires, seat covers, or even performance modification, can be much easier. 

The flexibility offered by the used cars is another added advantage. You can go more creative and consider making your vehicle truly your own. You need not worry about losing warranty, as in the case of a new car. Moreover, the previous owner might have added a few upgrades which would come to your benefit. 

More Features for Less Money

Well, that should be the best-kept secret of a used car. They offer you more value for money, and yes, I must say, more value for less money. By purchasing a used car, you can access advanced safety features, leather interiors, and sunroofs while spending significantly less than you would on a new car, where such features are typically limited to premium variants.

In other words, your budget goes much further in the used car market. This is especially beneficial for families or individuals looking for comfort, convenience, technology and certified used cars with premium quality without stretching their finances.

Conclusion

The affordability of a used car should be the prime benefit offered by it. In essence, the ability to enjoy more features at a considerably lower price point makes buying a used car the best choice in your life. Whether you are a first-time buyer, someone looking to upgrade without breaking the bank, or simply trying to make a wise financial decision, a used car can be the perfect choice. With better financing options, improved reliability of modern cars, and growing access to vehicle history reports, the used car market today is safer and more rewarding than ever.

We at Indus Used Cars offer you the option to choose the best possible used car in Kerala that meets your dream car. In addition, we help you with tips on how to get the most out of your deals on the used car purchase. So, the next time you’re in the market for a used car, consider going the pre-owned route, and it just might be the smartest move for your wallet and your lifestyle.