Choosing a pre-owned vehicle is probably the more practical and economical option when it comes to buying a car. These are much cheaper than a brand new vehicle, plus, there is no extra cost involved when buying it. Also, in most cases, you can get your desired vehicle in the form of a new car which may be out of your budget. However, unlike a new vehicle, owning a used car for a long period of time is not really a wise choice, in fact, it is advisable to buy your old car based on the age and age of the car. Replace within 3 to 5 years. Event. And we have 5 reasons to tell you.
Read also: Buying a New Car Vs. A Used Car – Pros and Cons
1. Used Car, Low Price
Now, the reason a used car is cheaper than a new one is that it loses a great deal of its value within the first 3-4 years, and this is called depreciation. While the rate of depreciation certainly slows down after that, the value continues to fall once in a while. Ideally, buying a car that is 2 to 3 years old and driving it for the next 3 years will allow you to get the best value for your money.
Read also: 7 things to avoid when buying a used car
Buying a car that is 2 to 3 years old and driving it for another 3 years will allow you to get the best value for your money
2. It’s Getting Old
Another reason to replace a used car within 3-5 years is because it is out of date. Let’s say you bought a used car that is 4 or 5 years old, which is the average time frame a new car owner sells their vehicle for, by the time you spend 3-5 more years with the car, it will be out of date Enough to start giving you mechanical problems over and over again.
Read also: Things you need to do when buying a used car
3. Why pay a mechanic?
Unless you and the previous owner of your car have taken the highest level of care in vehicle maintenance, a 7 or 8 year old car will start to give you problems. They start out small – drop in mileage, engine overheating, low engine oil level, and radiator problems among others, and grow from there. So, if you find yourself going to the mechanic every month or two, it’s definitely time to get your car replaced.
Read also: 6 Cars You Should Consider Buying From The Used Car Market
Replacing an old old car with a smaller model will allow you to enjoy more modern creature comforts
Read also: Buying a Used Two-Wheeler Vs. Buying a New One: Pros and Cons
4. Smaller Car, Better Amenities
The smaller the car, the better creature comfort you get with it. 5 years ago, it would have been fine if your used car only had halogen headlamps, a 2-DIN audio system, and a manual air-con system. However, now, features like projector headlamps, automatic climate control, touchscreen infotainment system and more have become more common. So, replacing an old old car with a smaller model will allow you to enjoy more modern creature comforts.
Read also: Top 6 Scooters to Look for in the Used Two-Wheeler Market
5. New is safe
Several important safety features like airbags, ABS with EBD, parking sensors, seatbelt reminders, high-speed alerts and even ISOFIX child seat mounts have become part of standard fitments in cars in the last 3-4 years. So, if you have a car older than that, it’s possible that your car is missing some of these features, which means it’s time to replace it. A vehicle should have all the basic safety features, even if it is a pre-owned vehicle.