Top 3 Reasons Why You Should Buy Second Hand Car Rather Than New Car

When it comes to buying a car, most people tend to go for brand new cars as they are seen as more reliable and offer the latest technology. However, there are several reasons why buying a second-hand car can be a better option. In this article, we will discuss the top 3 reasons why you should consider buying a second-hand car instead of a new car.

Lower Price

One of the most significant advantages of buying a second-hand car is the price. When compared to a new car, a used car can be significantly cheaper. This can be especially beneficial for those who are on a tight budget. In most cases, you can get a car that is just a few years old for a fraction of the price of a new one. If you're looking for a used car dealer in Canada, then you can visit the Roadstar Financial as they have the wide range of cars for everyone at affordable prices.

Reduced Depreciation

New cars tend to lose their value quickly in the first few years of ownership. On average, a new car loses around 20% of its value in the first year and up to 50% of its value in the first three years. With a second-hand car, you can avoid this depreciation. This means that you won't lose as much money if you decide to sell the car in a few years.

Lower Insurance Costs

In general, insurance costs for used cars are lower than for new cars. This is because used cars have a lower value, and the insurance company will have to pay out less money in the event of an accident. Additionally, some insurance companies offer discounts for used cars that have certain safety features or low mileage.