The benefits of buying used cars
Everyone loves a good bargain and where better to start than with your motor? The used car market is a place where buyers can avoid the huge price tags and fast depreciation that comes with purchasing a new car, and enjoy a cheaper, slightly older car instead.
Used cars have cheaper tax
New models of vehicles are more costly to tax and register than second-hand cars, so to save yourself a load of money on tax, opt for a second-hand vehicle. Taxes are generally calculated by their current retail value.
Used cars means there are no waiting periods
When buying a brand new vehicle, it's very unlikely that you will be able to drive home in it straight away. In fact, it's very common for car buyers to wait a while before they can enjoy their new wheels. And with global car shortages, it's no surprise that people are opting for used cars instead, as the transaction is simple and there are little to no waiting periods. Generally speaking, you can drive home in your new used car the very same day.
Used cars have smaller insurance fees
There are plenty of perks with second hand cars, especially when it comes to insurance. That's because older cars have older and cheaper parts that are less expensive to replace if the vehicle owner got into an accident. This means that the second-hand vehicle is much less of a financial risk than a new one.
There are plenty used car finance deals to be had
Simple and straightforward used car finance options such as hire purchase finance allows you to repay with fixed monthly installments until you have paid off the car. It makes buying a vehicle much more convenient, so you can pay it off over time, rather than paying a large sum of money all at once.
Used cars can come with new features
Just because you're buying a used car, this doesn't mean that you won't be able to enjoy some shiny, new upgrades. For example, if you just want a sunroof, leather seats and an inbuilt navigation system, you can enjoy these new features at a much more reasonable cost. Once a new car model has aged slightly, the features are quickly superseded by new cutting-edge features, meaning that you can reap the benefits of a slightly older, second-hand model.
Contact Advantage Finance
At Advantage Finance, we offer hire purchase finance, which is a popular form of credit perfectly suited for financing big purchases, like vehicles. This type of car finance option is simple and easy to understand as it comes with a fixed rate of interest throughout the term and doesn't entail any mileage limits or large end term payments.
So, if you're considering opting for a used car and paying for it through used car finance, please contact our helpful team who will be more than happy to get you sorted and on the road. Contact us today.