A car is considered an investment; however, there is always the question of which is considered as the better investment — a new car or a used car? Many new cars are available in the market since car manufacturers realize the lucrative opportunity with the high demand for fuel-efficient cars including those innovated for a safer driving experience. You can have a pick from those available or have it ordered according to your precise specifications. You can have your new car equipped with all that modern technology can provide — from entertainment, communication, up to the modern navigation system.

However, there are drawbacks to buying new cars which usually make Kamloops Used Vehicles a better investment.

Depreciation – a new car depreciates the moment it leaves the car lot of the dealer. The brand-new car you cannot afford becomes accessible once it is used. Vehicles manufactured by world renowned brands like Mercedes Benz, Toyota, Honda or Ford don’t suffer much from depreciation and they have a good resale value. Buying these brands of used cars is a wise investment as you enjoy many more years of quality and excellent service.

New technologies and features – these add-ons increase the value of the new car. It does not follow that you will have a need for these features especially if you are not bent on having high-end communication devices in your car. If you buy a used car, you can enjoy the same features for more affordable prices from aftermarket parts and accessories. Every year, new innovations are introduced in the market and what used to be unique with your car has been replaced by better systems. If your used car does not come with the modern features, you can simply search online from aftermarket sales.

Certified pre-owned programs – this program is common for high-end cars like Mercedes Benz and Lexus. The CPO vehicles are covered by warranty extending beyond the original factory warranties. This means that the vehicles have not undergone any cosmetic damages or major damages to reduce their quality. The cars relatively have low mileage which makes them almost good as new. The price may considerably be higher than traditional used cars in the dealer’s lot, but it is definitely worth it.

Practicality is often the main reason why many consumers prefer used cars in Kamloops. Why does it have to be new when it serves the same purpose? The advantages of buying new cars are dwindling because of the concerns on depreciation. More often, what you gain from a new car is the fresh smell and the pride of ownership of being the first to drive the car. However, it is important to make sure that you are getting good value from the used car through close inspection.  With the considerable number of used cars in the market, make sure to sharpen your negotiation skills.

Make sure to deal with reputable dealers. Private sales often allow you a cheaper used car but the drawbacks tend to outnumber whatever benefit you gain. Besides that, there is always the possibility of fraud.

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    Author: Eric Spence

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