Is it Worth it to Buy a Used Car?

Have you ever dreamed of cruising through the Hollywood hills after taking a new car straight off the dealership lot? If you’re in California, you probably don’t have to worry too much about weather wear, which makes buying new more realistic than if you lived in some other places.

Buying a new-to-you car is an exciting time, and it also comes with a considerable financial output at the outset, plus inevitable depreciation over time. It used to be that an almost-new car was the best choice when it came to purchasing, since there would still have been a warranty but the major depreciation would have already happened.

Buying New

If you’re one of the lucky people in the world who don’t need to finance and can afford to buy new—and this is important to you—well then there’s not much to say. There’s always depreciation, but the overall wear and tear will be entirely in your hands. You won’t have to worry about what went on with previous owners, and how that may affect the maintenance and cost.

Financing

For those who are financing a newer car, it’s sometimes possible to find rates that are considerably cheaper than the actual cost of the car. Some cars may be able to be financed at an extremely low rate.

Certified Pre-Owned Cars

These types of cars come with a guaranteed inspection and repair before it’s even put up for sale. Usually these come with a extended warranties and a selection of useful services. This extra feature of course costs more. If you are looking for something reliable but you don’t need something brand new, you’ll want to consider this as an option.

Demo Cars

Here’s an interesting option you may not have considered: a demonstration car that is used on-lot for test drives, and on occasion by dealership staff. These cars are usually sold at a discount but, other than having a few miles on them, they’re basically the same as having a brand new car. They often come with rebates, promotions and even extra fun add-ons that you may not otherwise choose to have added on.

Regular Maintenance

If you keep on top of car care and stay safe on the road—that is, if you know that you’ll do everything possible to prevent wear and tear—you can certainly factor this into depreciation.

Shiny brand new cars do feel like the best of the best, and they can take some of the hassle out of buying. If you’re looking for something straight off the lot, contact your local new car dealer in the Hollywood area today.

 

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