Buying Used Ford Cars Can Be Cost Effective
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Looking to upgrade your car? Struggling to decide between opting for a brand-spanking new set of wheels and a used vehicle? Did you know that buying used Ford cars can be cost-effective?
Don’t assume that a new car is always the best choice. There are advantages and disadvantages to buying both new and used cars. Think about depreciation for example. The second you have driven that new beauty out of the showroom, it is worth 30% less than what you just splashed out and 40% less 12 months later.
If you don’t have that kind of cash to throw around, you might want to consider buying a second-hand vehicle. Not only are used Ford cars cheaper to buy, but you won’t suffer the huge loss in value either. You could buy a brand new car for £20,000, but buy the same car a year later for less than £15,000.
When you buy used cars they have already lost that chunk of value. Although its value will continue to depreciate with age and every time it has a new owner, you won’t lose anywhere near as much as a new car. The cost of motor insurance is usually a lot less for used cars than new ones.
In tough economic times, people are trying to save as much money as possible. All these factors combined means that owning a used car for three years is actually far cheaper than a new car.
One of the main reasons that people have avoided buying used cars in the past is their reliability but over recent years that has improved significantly. The vast majority of used Ford cars dealers now offer service history guarantees and warrantees on certain components.
It’s true that some second hand cars are going to be a waste of money, as it does depend on the mileage, service history, sale condition and so on. When you’re searching for used Ford cars, it is always best to go to a trusted dealer as you can be sure that you are getting what has been advertised. There is an extra risk to dealing with the owner as they are likely to tell new buyers whatever they want to hear.
Although there are numerous benefits to purchasing a new car, sometimes the cost advantages of used Ford cars are just too good to lose.
The used car market may not be as glamorous as the new car market. It doesn’t spend millions of pounds on advertising, marketing and celebrity endorsements, but that doesn’t mean you won’t get a good deal.
When you’re next in the market for an upgrade, don’t head straight to the luxury car showrooms but think about how much you could save by taking advantage of the advantages a used car brings.
