With over 3.6 million used cars sold every year in the UK, there are many good reasons to choose a used car over new, with the sheer size of the market and choices available being one of the best reasons. The choice you will have is huge, especially if you are willing to travel a little further afield.
Escape the massive depreciation hit
It is estimated that new cars lose as much as a fifth of their value as soon as they are driven off the forecourt. This is a huge reduction and it is estimated that most new cars are worth less than half of the original purchase price after three years. From a financial perspective then, it obviously makes sense to buy a used car.
Factory warranties that last and last
Many of the big car manufacturers have extended the length of their warranties which means that even if you buy a used vehicle, you could pick up the tail end of the warranty. Reliability and service history are two of the biggest concerns when buying a used car, so having a manufacturer warranty could be seen to be a great bonus.
Who should you buy a car from?
Since most used car sales are made through car dealers, it pays to do your research to find a reputable one in your area. For example, if you are looking for used cars Worthing or the surrounding area, do a quick online search to find local dealers and have a chat with them about the sort of car you are looking for. Even if you don’t end up buying from there, you will gain invaluable knowledge about the type of cars that they stock and can decide whether you would want to do business with them.
What to watch out for
As with all large purchases you need to have your wits about you when buying a used car. There are many online and text companies that now provide a vehicle checking service. It’s vital to check the history of a used car – but you can also carry out some checks yourself. Always make sure that the paperwork is in order; that the MOT and service history make sense. Match the VIN from the V5C to the ones you find under the bonnet, on the windscreen and on the chassis.
Take your time and have a good look over the bodywork and check that everything works. For further peace of mind, some motoring organizations offer an inspection service at a small cost.
Remember that the best value is not necessarily the cheapest. Always consider the condition of the car in relation to its price and buy from a car dealer that you are confident will provide strong follow-up service if you need it.