Why buy a used car?

Advantages to buying a used car!

For a moment, picture a used car. Imagine what a used car would look like if you found one for sale. You’re probably thinking about a car with paint peeling off its metal body and perhaps a vehicle that hasn’t been cleaned in a few years. Perhaps it’s ten years out of date, and it has fallen into a state of disrepair to the point that you can’t even drive it on the roads.

Well, you might be surprised to hear that this isn’t an accurate description of most used cars on the market today. Instead, you could find one that’s in fantastic condition, only a few years old and has been well looked after by previous owners. There are plenty of advantages to buying a car like this rather than bothering to pick up one brand new from your local dealer.

Goodbye Depreciation

One of the worst things about buying a car brand new is depreciation. Let’s say that you decide to buy a brand new Land Rover. It might seem like a good idea at the time, and it may even feel like it was worth the fifty thousand dollars that you paid for it. But wait, because even after a couple of months driving it on the road, that car has already lost a lot of its value. After two years, the car will have lost, on average, twenty-five percent of its retail price. So, essentially, you’ve wasted a lot of money to get a car brand new because it depreciates so quickly. You might think that’s not really a concern because you’ve already bought the vehicle. But what about when it’s time to sell the car?

You’re never going to get the money you spent on a car when you sell it. But, you can limit your losses by purchasing one used. The best part of buying a used car is that it’s already been hit by depreciation, so you don’t have to worry about spending more than the car is really worth.

The Right Price

That essentially means that you can buy a car at the right price. A price that is perhaps a little easier to afford. On average, people spend between twenty and forty thousand on a new car. If you buy one used, you can cut that cost in half! You’ll be able to buy the vehicle you want on the cheap and have money to spare. A lot of people borrow to buy a used car and end up in quite a lot of debt. If you buy one used, you can avoid this. Or, you can just save the money you were going to spend and instead, use it somewhere else. With that extra cash, you could go on a luxury vacation or perhaps add a new extension to your home. We’re sure you can think of lots of different ways to spend that extra cash. When you find the car at the right price, you’ll have that option.

Buy The Dream

We all have a dream car that we would love to own. For some of us. It’s a Nissan GTR. For others, it will be a classic muscle car like a Mustang. You might not be able to afford a car like this brand new, but you’d be surprised how cheap they can be on the used car market. For instance, BMWs cost upwards of 50K new but if you searched for one used, you can pick one up for around 15K instead. That’s an absolute steal, and while it might be a couple of years old, it’s still a BMW. It’s still your dream car, and being used you can now afford to buy it.

Forget New Car Costs

You’d be amazed by how many additional costs can be added to a new car. The problem with buying a car brand new is that you’d be purchasing it from a dealership. They will offer you lots of unique add ons and make it seem like you need them. You have to have those leather, heated seats and don’t forget the massage feature. Are you sure you want the hard top? Perhaps you would rather have a convertible? You can easily find that a skilled dealer will add ten or twenty percent onto the actual market price of a new car. With a used car, that’s not an option. What you see is very much what you get, and in fact, you might find yourself in the opposite situation.

Get Ten Or Twenty Percent Off

A great part of buying a car used is the negotiation. You’ll be able to negotiate with the dealer to get the best price for the car you’re buying. You should find that they drop the price to make the car more attractive and ensure that you do proceed with the purchase. So, on top of the better price, you can actually shave more money off the cost of the car that you are buying. The secret to the negotiation is to find the right starting point and work from there.

No Need To Worry

A lot of people are put off buying a used car because they are scared of ending up with a dud. But there’s no need in the new age of technology. With the VIN number, you can find out all the information you need online to decide whether you want to buy the car, including whether it has been involved in any crashes. As such, you’ll know exactly what you’re buying.

Cheaper Insurance

Since used cars are often less valuable, you can often get better deals on insurance. This is particularly important for first-time drivers and parents buying cars for their kids. Insurance premiums will already be sky high for new drivers. If you purchase a brand new car that is more valuable, the insurance could be double what you might pay for a used car.

 

As you can see, there are many advantages for opting for a used car rather than buying brand new. You’ll save a fortune, and you can still get your hands on a quality ride.

 

TOP 10 TIPS FOR FIRST-TIME CAR BUYERS

EDEN AUTOS TOP 10 TIPS FOR FIRST-TIME CAR BUYERS

 

Buying a car is always a big decision, and when you’ve never done it before, it can feel like jumping into the deep end. If you rush and don’t think your purchase through, you might end up buying a car that doesn’t make sense for your wallet or doesn’t really match your needs. Here we’re going to outline ten tips that ensure you can make a purchase you’re happy with.

1.   Know How Much Car Your Money Can Buy

Your car is likely to be the second most expensive asset you’ll ever buy, just behind the home, which means your choice is going to make a big impact on your finances. Fitting it into your finances is essential. Start by calculating all your monthly expenses against your income. In the disposable income left, you can see the sum-total of the money you have left over to put toward the monthly costs of the car. You might also want to start looking at ways to cut existing expenses in order to be able to spend more on the car each month.

2.   Consider the Loan You’re Taking

How much money you have to spend each month and how much you plan to spend in the long-term on the car are two different things. The length of an auto loan agreement typically ranges anywhere from three to six years. Spreading the loan out to six years can help you afford to pay for a more expensive car, but it also means that your finances are going to be impacted for much longer. You need to consider future expenses, such as the possibility of rent increases or other loans you might want to take. Find the loan that won’t only help you get the car you want, but one that will fit into your expenses in the long-term. It’s a wise choice for many to get pre-qualified, too, so they know what kind of loan they are able to get which can help narrow down their options.

3.   Think About How and Where You Drive

Not all vehicles are the right match for the same task. There are a lot of factors that go into which car you buy, but thinking practically about your transportation needs is where to begin. For instance, if you’re primarily using yours for city driving, you might want a smaller vehicle with more safety features due to the increased risk of damage in congested city streets. Whereas if you’re in a rural area, then a larger vehicle that’s able to handle big hauls might be more suited to your needs.

4.   Size Matters

One factor you have to consider more carefully is how much space your car has. For a family, a larger vehicle with more seats makes practical sense, but you have to consider whether you need even more space to make way for baby car seats. A lot of people also consider getting a larger vehicle for those occasional times they’re going to need to haul big loads, like moving to a new house. Unless you’re going to make use of that space regularly, it’s often smarter to rent a pickup when you need it and buy a smaller car that fits your more everyday needs.

5.   Assess Your Other Needs

Choosing a car based on the driving environment is the right first step, but it’s not the only one. Consider other needs and wants as well and make sure they’re put in a list of priorities. For instance, if you face a long commute every day, fuel economy and part reliability might matter a lot more than performance. An infotainment system might be tempting, but all-wheel drive might be more important if you’re going to be regularly driving on unpaved roads. Have your wish-list of features and have it in order

6.   Have a Few Options Ready

It’s easy to get confused by the choice of used cars available and end up buying something that doesn’t fit that wish-list of yours. Use the above steps and a little online research to have a few options in mind. Don’t limit yourself to just one car as you may not necessarily find it available or you might find that it doesn’t fit your wants as well as you thought it did. Pick out the one car you want above all others then do a little research on the others in its class and have them ready as backup options to compare with. There are plenty of great sites offering information on different classes, cars within the class, and models for those cars. Do your research in advance.

7.   See What’s Available

In the past, you had to visit a physical dealership to see whether or not they had what you’re in need of. Now, sites like Eden Autos make it much easier to get a glance at the inventory online, so you can pick out those that best fit those options you’ve thought about. But be aware that there are always going to be options you haven’t considered. If you have those wants and needs listed out, talk to your dealer, and they can help you find the hidden gem you haven’t considered.

8.   Take a Test Drive

One of the ways that cars might upset your expectations, for better or for worse, is in the test drive. A car might have all the features you consider essential but if you can’t stand how it handles on the road, you might not feel confident in purchasing it. With used cars, a test drive also helps you get a little reassurance the vehicle is in good condition.

9.   Think About What You Need From Your Deal

The contract you sign with your dealer isn’t always going to provide just the car you want. If there are any warranties on offer, consider them, too. They can help you make the monthly maintenance and repair bills easier to calculate, but it depends on the condition of the car you’re buying and how long you plan on keeping it for.

10.  Sleep on It

If there’s a car you definitely want, then we’re happy to help you find it. However, it’s always worth taking the time to really think over a choice car before you make your final decision. Take what you’ve learned about it and do your own research to ensure it fits all your needs. Buy with your head, not your heart.

 

There you have it, ten tips to make it much easier for new drivers to buy the car that’s right for them. If you need any help figuring out the answers to any of the questions above, remember that Eden Autos is glad to help you find your needs and pick the auto that fits them to a tee.

 

10 TIPS FOR BUYING A USED CAR

10 TIPS FOR BUYING A USED CAR

 

Buying a used car is often a smart move for two clear reasons. The first is that in the short term it will save you money because used cars cost less than brand new ones being sold right out of the dealer’s showrooms. Rather than spending tens of thousands of dollars, you could get one up for half of that, or anywhere down to less than a grand. It also benefits you financially in the long term. Cars depreciate in value rapidly, so it does make sense to purchase one that has already lost most of its market value at a low price. In addition, it’s important to remember there are still plenty of great vehicles available on the used car market.

Here are a few tips to make your life a little easier when buying a used car, and ensure that you get the right car for you.

1) A Year or Two Can Make All The Difference

You might think that to save money on a used car you have to buy one that’s at least five or ten years old, but that’s not true. You will typically find that a car which is just a couple years old will be considerably cheaper than one that’s brand new. As such, you can still get a late model vehicle at a lower price than what you would pay for a new one; you just need to find the right seller. Again, this is due to the amount the cars have depreciated, even after the first year, and there’s often quite a difference for makes and models.

2) Find One That’s Not Too Expensive to Run

One of the big benefits of buying a used car is that you can find one that is inexpensive to operate. You can decide whether you want to get a gasoline engine or possibly a hybrid. You will find pre-owned many used hybrids for sale on the market these days, and it could be exactly what you want for your new car. If you’re buying a car used, the financial aspect of the purchase will be a concern. So, it makes sense to be sure you’re saving even more by getting a car that gets good gas mileage, and one that doesn’t cost too much to maintain. If you are thinking about purchasing a used hybrid, there is another advantage to consider. They are far more likely to hold their value, which can be a factor if you decide to trade it in at some future date. 

3) Take It for A Spin

Definitely make sure that you take the car for a test drive before you commit to a purchase. This isn’t just about finding out whether there are any issues; you need to make sure you like the way the car handles, how it feels on the road, and if it’s comfortable to drive. Also, if you’re buying from a private seller you might need to make sure your insurance policy, or the sellers, covers you for the test drive. If you are dealing with a used car dealer, that won’t be an issue; dealers have insurance that will cover you if there is an accident during a test drive.

4) What’s Been Replaced or Repaired?

Checking a few things on the car is a good way of getting a feel for how well it’s been taken of. For instance, you might find that the steering well shakes on the highway, or the tires don’t have much tread left or are worn unevenly. Things like that can tell you a lot about whether the car has been well maintained. Any repairs or accidents should also be part of the car’s history that the seller should provide you with..

5) Negotiating A Price

For some, the best part about buying a used car could be negotiating a final price. When buying a new car, you’ll usually find new car dealers are eager to sell a car with cool tech and luxury features; features that can add considerably to the price. On the other hand, if you buy a used car with some of those same features, the car may have depreciated even more that a similar vehicle without those high cost options. And used car dealers don’t have nearly the overhead of a new car dealer, which enables them to sell the same used car as a new-car dealership for less money. Also, used car dealers typically expect some negotiation between buyer and seller, so they are usually able to agree to a price that’s fair to both parties.

6) Don’t Forget Insurance!

People often discover they can buy their dream car second-hand for a price they can actually afford. However, if they jump at the chance to buy that car, they need to be sure to evaluate other costs that may affect their decision. The cost of the car is only the first issue. You have to think about insurance as well, and for some cars, insurance may be more expensive than you think, even for a used car. If you’re buying your first car, you might find that the combined monthly payments for the car and the insurance puts it financially out of reach. So be certain you don’t purchase a vehicle that you can’t afford.

7) Check Around

It’s a buyer’s market out there, and that means you should be looking at different sources and sellers of used cars; particularly, if you’re eager to buy a certain make or model. You might find that the same car from one dealer is being offered at a lower price from a different dealer. As such, it’s always worth shopping around before you commit to a purchase. It’s so easy to do these days because there are various sites online that allow you to compare used car prices from a variety of sellers.

8) Is it Showing the Right Mileage?

One of the tricks private sellers might use when putting their older car on the market is to change the mileage. By changing the mileage, they can get a better price for the car. On average, a car travels around 12-15 thousand miles a year. So, if the mileage doesn’t match the age of the car, double check and make sure that there’s no foul play going on.

9) Buying From A Dealer Gives You Protection

If possible, you should buy from a dealer rather than a private seller. Buying from a dealer, you can get an extra level of security with your purchase. Most dealers will give you a warranty for a certain period of time or the amount of miles driven, which eliminates the worry about the possibility of having a mechanical problem and not being able to get the dealer to repair it. Buying from a dealer, you can often get assurance that if there is an issue with your car, you can return it within a set period. This won’t be the case with a private seller.

10) Buying On-Line

Finally, you should be aware that buying a used car directly from an on-line seller may not give you the same protection as purchasing the vehicle from a face-to-face seller. You also need to be aware of a seller offering a car when they have made it clear they have no expert knowledge and are not a professional dealer. In cases like this, where you buy the car from pictures only, they might sell you a car that doesn’t work and leave you with a massive loss.

 

Buying your next vehicle from Eden Autos will be a Hassle-Free Experience. Every vehicle we sell comes with a Car Fax report and a 3-month or 4,500 mile bump-to-bumper warranty. 

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