Second-Hand Cars: The Pros and Cons of Buying One

Used cars offer great value for your money, but as it’s the case with all good things in this world, they also have certain downsides. Before buying a second-hand vehicle, get familiar with all the pros and cons of your future investment.

The Pros

1. Cost Savings

Even though nothing can compare to a smell of a brand new car, it’s no secret that a new vehicle is far from being a good investment.

The great bulk of cars depreciate at a lightning speed, typically losing up to 50% of the original price within 3 years. Why not let the first owner absorb most of the depreciation cost and enjoy all the bells and whistles when the sharpest drop has already happened?

Used cars of three to four years old are the best option in terms of savings, especially if you decide to get an extended warranty to minimize eventual repair expenses in the future. By the way, the majority of manufacturers nowadays give a five-year warranty for their new products, therefore your 3-years old car will still have its original warranty. Simply transfer it into your name and enjoy full protection in case of unexpected problems. 

In addition to that, since the price of the car is lower, its insurance will have a tendency to be less expensive too, which makes perfect sense and, again, saves you money. Finally, here comes the best thing – all chances are that in a few years, you will manage to sell your car to a junk yard for nearly the same amount you had to pony up for it. 

2. Large Range

Nowadays, hunting down just the model you dream of is easier than ever – simply determine the price you are ready to pay and start looking for the car you want. The best warehouses in Australia boast a huge selection of vehicles able to suit all tastes, preferences, and what’s the most important, any budget.

With tons of choices at your fingertips, it is very important not to bite at the first option. The car experts from explain that many people, first-time car buyers especially, often do not bother to take time to look at other options, which is a big mistake.

By grabbing the first thing they see, they risk missing a better price for the model they want to buy or a better car for their money. To avoid eventual disappointments, the experts recommend shopping around and do not hesitate to give the dealer a hint about what’s on offer at their competitors – and a better deal is yours!

3. Professional Check and Repair

Despite what some people might tell you, buying a second-hand car doesn’t automatically mean getting a lemon, providing you stick with a reputable dealership. To start with, before being made available for clients, all used vehicles undergo a multi-point independent mechanical inspection.

In case there is a need, qualified professionals will perform necessary repairs or maintenance, making sure they sell fully functional cars. 

The Cons

1. You Have to Compromise

You will definitely have to compromise a lot. Do not expect to run into the car tailored in accordance with your numerous wishes. In reality, you will have to make choices constantly, refraining from your beloved color in favor of side airbags or some state-of-the-art tech gadgets.

Well, set your priorities, but make sure they are right – at the end of the day, color is not the most important thing on Earth while rear cameras look like a very useful extra.

2. You Need to Research

Even the most beautiful second-hand vehicle can hide some pretty ugly secrets of the past. If you want to sleep at night, do your homework and find out the history of your car, especially if you buy it from a person and not from an official dealer. Can you think of a worse scenario than paying your hard-earned money for a car that was used as a taxi or rental car, or perhaps, was even junked or salvaged? 

3. You Should Do Your Due Diligence

If you buy from a person, make the most of your visit and do not just inspect the car, but try to get to know the owner. You do not have to believe everything he says, but his behavior can tell you a lot. If he is not happy about your questions and request for a test drive, perhaps it’s a good idea to take your money somewhere else.

Speaking of a used car dealership, look for one with high turnovers as that generally means they operate with lower margins, resulting in a better price for you. There you also can count on a range of affordable aftermarket options able to give you peace of mind.

Weigh all pros and cons of buying a second-hand car and do your best to make the most of your budget. Take your time, do not rush to conclusions and you just cannot go wrong.