How to Choose a Used Car: Everything You Need to Know

 

Finding the right used car for your needs requires knowing your options and sources. Here is everything to know about how to choose a used car.

 

 

Did you know that a new car loses value faster in the first few years of ownership?

 

While depreciation does depend on the brand and how much mileage you put on the car, most new models depreciate between 15% to 25% in the first year. This can drop even further to around 40% in around three to four years.

 

It’s important to choose a used car from a local car dealership that you can trust. This way you know that you’re getting a reliable car that has already past all its quality checks.

 

Thinking about buying a used car? Read on for a complete guide on the benefits of buying a used car along with how to choose one.

 

Benefits of Used Cars

 

There are a few key benefits of buying a used car instead of a new model. These benefits range from financial to environmental benefits. Here’s a quick look at the most notable reasons why you should buy a used car.

 

1. More Affordable Price

 

Used cars are much more affordable than newer models. This is because new cars depreciate from the second that they leave the showroom floor. Most used cars depreciate around 15% to 25% in the first year alone!

 

This means that if you were to buy a used car that’s one or two years old, you can save a ton!

 

2. Less Depreciation

 

The rate of depreciation slows down after the first few years. This means that your used car won’t depreciate as fast as a new car would. This protects your asset for a longer period of time.

 

3. Lower Dealership Fees

 

Used cars come with far fewer dealership fees. This helps reduce the overall cost of buying a car. Whether you’re buying it cash or on finance, there are massive savings to note.

 

4. Cheaper Insurance Premiums

 

Since used cars are cheaper to buy and are worth less, they are also cheaper to insure. This makes it ideal for younger people that may be looking for their first vehicle.

 

5. Better for the Environment

 

Cars are manufactured in massive factories all around the world. While the production process has become more environmentally friendly, the shipping and distribution process produces tons of carbon emissions. Around a quarter of the carbon emissions from a new vehicle comes from the production and shipping part of the process.

 

Buying a used car skips this entirely to reduce your overall carbon footprint.

 

How to Choose a Used Car

 

When it comes to buying a used car, there are a few things you should always keep in mind. This will help you find a great car that has everything you need. Here are a few key factors to consider when shopping for a used car.

 

1. Comparing Car Prices

 

Used cars tend to be more affordable than new models. While this depends on the vehicle and how many miles are on the car, you can save thousands by choosing a used vehicle. However, you should compare car prices before making your final decision.

 

If there are only a few hundred dollars between a used car and a new model, it makes sense to invest in the new model. However, you should keep in mind that you’ll also save money on your insurance premiums every month.

 

2. Certified Pre-Owned

 

The best way to compare used cars is to find out which ones are certified pre-owned. This certification is given to premium used cars that have passed all quality tests. These cars have been inspected, refurbished, and certified by either the manufacturer or local authority.

 

Buying a certified pre-owned car is the best way to ensure that you’re buying a quality car that won’t break down anytime soon. This eliminates the biggest risk that’s associated with buying a used vehicle.

 

3. Factory Warranty

 

When comparing used cars, make sure to check the warranty that the vehicle comes with. Most automakers include a factory warranty that lasts for the first 100,000 miles. However, some automakers offer an extension that may still be active on your used car.

 

Having a warranty in place is incredibly helpful. This is because it can save you thousands of dollars in maintenance costs down the road.

 

4. Check the Mileage

 

The mileage is the most important factor to note when buying a used car. This is because the mileage will let you know how much the car was driven and how much the engine was run. A good rule of thumb is that used cars under 20,000 miles are the most premium option.

 

5. Only Buy From Trusted Dealers

 

When it comes to buying used cars, it’s important to always buy from trusted dealers. The used car market is massive, with many private sellers also placing ads for their vehicles. However, buying from a dealer is the best way to ensure that you’re buying a certified used car that has passed all its quality checks.

 

The Best Options for Used Cars

 

There are a few major benefits of buying a used car compared to a new model. When you choose a used car, you can save on the initial price and on your monthly insurance premiums. This is also better for the environment as you won’t be adding another vehicle to the roads.  

 

When it comes to finding a premium auto brand to buy used, Hyundai is one of the best options. If you have any questions, contact us at Taylor Hyundai today! Our friendly team would love to help you find the perfect car for you.