Wednesday, 6 October 2010

Myths of buying a Used Car

  • They always need lots of work, repairs and maintenance to keep them on the road.
Not necessarily, some used cars have a certification program. Cars that are certified let the owner know that the car has had no history of major damage and therefore the car has not had to undergo any major repairs.

  • They only last about 6 months.

I own a Ford Fiesta which I bought for £100 which has lasted me 2 1/2 years. Enough said! Take care of your car and it will take care of you!

  • It is hard to re-sell.
With so many websites online that help people sell their cars, there is bound to be one person who finds your car as wonderful as you once did. Advertise wherever you can; local papers, local shops, post adverts on websites, put it up for auction! It is not as hard as you may think!

  • They lose value.
A lot of Used cars actually retain their original value after the 1-3 year depreciation value period. So long as your car is in working order, aesthetically pleasing and has had no major damages.

  • People would prefer a new car (in terms of re-selling your used car).
Well, wouldn't every body? But Used cars are still the most popular choice, most people can't afford to buy a brand new car straight out of a show room so buying a Used car is the most feasible option.

  • Insurance is cheaper.
Not necessarily, a brand new Ford Mondeo might have the same insurance as a 1 year old Mondeo. The new Mondeo might be running a promotion scheme that reduces your insurance policy for example, you never know, and it is always worth finding out your insurance before purchasing a car, new or old.


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