Second to having a home of your own, the car is the most expensive purchase. If you come to think about it, you will realize that buying a new car may become an unnecessary expense. You have to contend with so many additional expenses attached to it such as losses in value, subsequent costs, and additional fees that will sometimes amount to thousands of dollars per year. This is why there are many used cars in Salinas and cities in your area. Remember that a slightly used car of about two years old is most likely to have under 30,000 miles on it. This will enable you to save on costs without sacrificing the quality of the car. The following are some of the best benefits in purchasing used cars in Salinas:

Low price and less depreciation

It has always been a belief that the moment you drive your car from the dealer, it starts to depreciate in value. The truth is that when you buy a used car, it will still depreciate but not as much as when you buy a brand-new one and you’ll lose money not so quickly. In the first place, you don’t have to face the initial shock of paying a large amount of money for a brand-new car.

No Sales Tax Not Like New Cars

There are many states that implement sales tax on brand-new cars but not the used ones. In Georgia, you won’t be asked to pay for sales tax when you buy a used car from a private seller. Sales tax may be able to add thousands to the original price of a brand-new car. It’s best to research your state’s laws regarding sales taxes for brand-new cars and used ones.

Decreasing Registration Fees

In many states, the registration fee that a car owner has to pay depends on the car model and its value. In Colorado for instance, the car registration is highest during the first three years and it decreases after five years. Research if the state you’re residing has the same rules so that you can save thousands of dollars every year from new car registration fees by buying cars that are either three or five years old.

Freedom from Dealers’ Additional Fees

Dealers often ask new car buyers with additional fees for shipping, destination fees, and dealer preparation that can be questionable at times. The problem with these fees is that the dealers often have nothing to show for them.

If you are going to buy a car then the first question that must come to your mind is whether you must buy a new or used car? This question is quite important for you to decide as it will have a big impact on the budget, financing and other aspects of the car. There are a lot of things to consider and ask yourself apart from budget and financing and one must consider all that before striking a deal. You must examine the financial and life requirements before making the decision on used vs new. Ask yourself these questions before buying a used car in Montclair from prox motors–

Do you have a trade in with equity or a down payment in place?

If you have a good credit then buying a new car should not be a problem for you. There are lots of incentives such as discounted financing, rebates and cash incentives that are available for buying new cars as compared to the old cars.

Are you ready to take the huge new-car depreciation hit?

Depreciation is more in case of a new car as compared to an old car. Depreciation is the loss in the value of a car over a particular time. Because of this, it is better to buy a used car from prox motors as compared to a new car. A new car can depreciate up to 50% in around three years of time. If the car is just a few years old and gives a price that is almost half as compared to that of a new one then it is worth buying.

Can you afford the maintenance and repair cost of a used car?

While some of the dealers may provide warranty and free maintenance for the initial years, still there is a cost associated with a used car maintenance that is more than that of a new car. So if you can afford to upkeep the old car then it is worth the buy.

Can you cope with the time that a used car will spend in the repair shop?

A used car will need frequent repair and if it is major then you might need to keep it for a week or so. Can you afford your car to spend that much time in the garage?

Ask these questions before finalizing whether new or old car.