Everyone wants the freedom of owning a vehicle they can use to go places near and far. Having a car can remove dependence on public transport and give the feeling of being independent to move wherever and whenever they want. Although many people wanted to buy only brand new cars for themselves, the trend has shifted with the rise of certified used cars. With the rise in popularity of used cars in modesto, it is worth taking a second look at the popular option and understanding the reason behind its growing popularity.
Benefits of used vehicle
- Lower Annual Registration Fees: In most states, the rate of the annual registration fee is based on the vehicle’s value and model year. Generally, the rate is highest during the first three years and then levels off after five years. The buyer can save about a thousand dollars by avoiding new and annual registration fees by buying a vehicle at least three years old.
- Better for the Environment: Almost a quarter of a vehicle’s carbon dioxide during its life cycle occurs during its manufacturing and initial shipment. Buying a used car reduces this carbon dioxide output into the environment. Used cars also impact the environment less than newer vehicles like hybrid vehicles.
- Lower Insurance Premiums: If anyone had an accident with the new car, the insurance would pay for what the car was worth, leaving a gap between the purchase price and the vehicle’s worth. That’s where gap insurance comes in. Gap insurance will only cover the difference between what you paid for a new vehicle and its depreciated value, but it will raise your insurance premium.
- Warranties: Some used cars still have part of their original warranty. Other used cars may have the option of creating a new warranty. An extended manufacturer warranty on a used car can provide factory-trained technicians to repair the car with quality parts and speedy service. Plus, we can also utilize a portion of the savings from not buying a new car and have a warranty that covers everything until 100,000 miles or something like that.
Both new and used vehicles have advantages and disadvantages, making them a good option for buyers. The used vehicles have come a long way from their earlier image, and now it makes a good buy for most users.