Buying a used car today is not as risky as it was several decades ago. In the past a used car’s mechanics and major systems were unreliable, especially if it was taken care of properly. Today’s cars are more dependable than ever before and are built to last much longer. There are a number of good reasons to choose a used car over a new one. Some of the biggest reasons include the following:
- New cars generate more carbon dioxide emissions than used ones. So, from an environmental point of view, a used car has already passed through the manufacturing and shipment phases and produces much less carbon dioxide. Even hybrids have an environmental impact with their lithium-ion, lead-acid, or Nickel-Metal Hydride batteries. Therefore, buying a used car could be the “greenest” choice of all.
- New cars lose value as soon as they are driven off the dealership lot. After they are 4 years old they only retail for about half their value. Once that marker is passed the curve of depreciation goes down.
- It also cost less to insure a used car, as used vehicles have less value than new models. Once the car becomes older you can also save more money by dropping collision and theft coverage.
- Repair Costs. It’s best not to put money toward repairs once they surpass more than half of a car’s value. For example, if your 9-year-old car is worth $4,500, a $2,300 repair bill is better spent on a down payment for another car.
When you need cosmetic repairs done on your next used car, go to Bell & Osborn Auto Body, a leading auto repair shop in St. Louis. We serve clients throughout St. Peters, St. Louis, and all of the surrounding areas.