How do you know whether to buy new or used? Sure, used cars are usually less expensive, but there are plenty of reasons why buying used may not be the right choice for you or your family. If you’re considering the purchase of a used car, take a look at these disadvantages of buying a used car first so that you can make an informed decision on what path to take.
If you buy used, you’re getting someone else’s problems
If you don’t know what an owner has done to their car, you could be buying someone else’s problems. For example, if someone was having engine trouble, you might pay $3000 for a car that isn’t worth $500 because it needs a new engine. Save yourself from future headaches and buy brand new.
There are hidden costs with buying used
Maybe you know that used cars in El Cajon are cheaper, but when you see a $500 price difference, it’s easy to think: Great deal! But some costs might not be obvious at first glance. An inspection fee and vehicle registration fee will accompany your purchase of any used car. And these can add up over time, especially if you need more repairs on your used car later on. Then there’s one other hidden cost: depreciation.
Dealers will try to sell you more than the car
Buying from a used car dealership means dealing with salespeople. Salespeople are not your friends; they’re trained to get as much money out of you as possible, and that means selling you more than just a car. They’ll try to sell you financing packages, warranties, extended maintenance plans—anything they can do to push costs onto you. If you’re going to buy used, do it from a private seller who won’t use these tactics on you.
Many used cars were purchased under duress
Their previous owners didn’t desire them, and they come with a lot of emotional baggage. Think about it: who are you more likely to buy from – someone who bought a used car in a calm decision, or someone who needed to get rid of it as soon as possible? The best-case scenario is that you’re buying from someone who needs money quickly, which isn’t what you want either.
Price is not an indicator of quality when it comes to used cars
Many people assume that since new cars depreciate as soon as they are driven off of the lot, then used cars must be better valued. The reality is that used cars often depreciate just as quickly, especially if you’re buying in high-demand cities like San Diego or Los Angeles. Before buying a car, use sites like Edmunds to research things like average depreciation rates and pricing guides for certain makes and models.
Vehicles depreciate at different rates even if they are both year models
Some cars depreciate faster than others. It’s worth doing some research to ensure that you’re buying something that has depreciated at an acceptable rate. If you are looking for a great used car, visit us here at El Cajon Used Cars. We have all of your favorite makes and models in stock, as well as friendly customer service representatives who will help you find what you are looking for!