Used cars online
|   Friday, April 19, 2013
Why You Should Buy Used
Buying a new car can be a stressful experience. If you just look at new cars, fresh from the manufacturers, then there is quite a lot of choice, but if you then include used cars, the variety expands tenfold. However, these used cars are at a cheaper price than new, so there is potential for you to get the car that you really want for a price that you can afford.

In the recent Used Car Market Report for 2012, the University of Buckingham report that the used car market reached £35.
billion in the last year. The number of people buying and wanting to buy used cars over new increased dramatically, with three quarters of consumers surveyed buying a used car within the last two years.

Avoid the Depreciation
The gap between the retail price index and the dealers' prices is wider than it has been since 1990, with dealers' prices being much, much lower than the retail price. This is an indication of how much you can save by buying a used car over a new one. A new car drops in value as soon as you drive it away, with the biggest drop being in its first year. Ideally you'd buy a used car at around two years old as the value depreciation often plateaus after this period.

Avoid New Car Problems
A car that is about two years old is an ideal car to buy, as not only will it be worth a good value price, but by this point any recalls, factory defects or bits that are likely to fall off will probably already have happened. People's everyday use of a car will always reveal more about the vehicle than any half hour test drive will.

However, used cars will come with their own problems caused by neglect or wear and tear. The key is to do your research and make sure that you inspect the car thoroughly, preferably by a mechanic or someone who knows what they are looking for. Check the car's MOT service history, V5C registration certificate otherwise known as the log book, and make sure that they match the VIN or Vehicle Identification Number (found stamped into the chassis of the vehicle).

The Insurance
Buying a new car can be expensive, and not just because of the price itself. Insuring a new car, especially if you yourself are a new driver can be extortionate. Because insurance premiums are worked out partly through the value of your vehicle, the cheaper your car, the cheaper your insurance will be. This is why buying used can be better value for money than buying a new car as it can be even cheaper when it comes to insurance. A car that is between two and five years old is the ideal age for insuring as it isn't worth too much, but it isn't too old either. Accurately valuing your car is the key to cheap insurance premiums.

The Choice between a Private Seller and a Dealership
Private sellers and dealerships both have their pros and cons, but it depends on what you are looking for as a car buyer and where your skills lie. For instance, private sellers are almost always cheaper, but they won't offer warranties and you won't be protected by the law if they sell you a faulty vehicle. So, if you have the skills to tell whether a car is broken or faulty, then perhaps going to a private seller is the best choice for you. If however, you won't be able to tell a rust bucket from the latest Bugatti, then buying your used vehicle from a dealership may be the best course of action.

Whichever course you decide to go down, you should always to do your research into which car you want and how much you want to spend. You don't have to physically go to a dealership either, as there are lots of companies that also sell their used cars online. Don't forget that with either type of seller, you should haggle, haggle, haggle until you get the price you want, or you walk away.
PHOTO GALLERY
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