Benefits of Buying a Used Car

Introduction
The used car market is growing and has become popular in Australia. The buying process for used cars has become simpler and transparent, which has motivated more buyers to consider it. Before buying a used car, you should get a revs check report done. The revs check report will provide you valuable insights into details of the used car you are planning to buy. The key benefits of buying a used car are as follows:
Improved Transparency
Buying a used car used to be an unnerving experience for most buyers. The chances of being cheated and buying a lemon were pretty high. However, over time, the process has become more transparent and hassle-free for customers. There are many credible agencies who will provide you with a revs check report which will provide you details of the car you plan to buy. The revs check report can be obtained by providing the VIN number or registration number of the car. You can get information on the car’s encumbrance status, stolen status, written-off status, details of major damages and repairs, details on key parts, etc. This has made more buyers turn towards buying used cars.
Lower Price
The price of buying a used car is considerably lower than new cars. You get incredible value for money. Most sellers are also open to negotiations which can help you bag an even better deal. You can get latest features on a used car at a fraction of the price compared to buying a new car for getting the same features.
Lower Depreciation
Buying a new car makes you vulnerable to depreciation loss. Most of the value of a new car is depreciated in the initial few years only. Once you drive it off the dealership’s store, the value of a new car depreciates instantly by 10-15%. Your new car can depreciate up to 50% in the first 3 years only. On the other hand, the depreciation on used cars is not as high. Maintaining your used car can also help your realize a good selling price.
Cheaper Registration and Insurance Premiums
The registration fee of used cars is generally lower than that of a new car. The registration fee may vary depending upon your state. The registration fee is generally highest in the first three years of purchasing a new car. Hence, buying a used car can help you save considerable money in registration fee. The insurance premium of the car is also based on its value. As the value of a used car will be lower than that of a new car, your insurance premium for used car will be lower.
Extended Manufacturer Warranty
Not getting the manufacturer warranty was another hindrance for buying used car. These days most manufacturers sell their used cars through authorized dealerships under certified pre-owned programs. When you buy a used car under the certified pre-owned program, then you can be assured of the quality of the car. You also get other features like roadside warranty, easy financing schemes, etc. when buying used cars under certified pre-owned programs.