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WHY BUY A USED CAR?
Year old cars are MUCH cheaper than new cars
The average new car has a list price of around £28,500. But by the time it's one year old with 10,000 miles on the clock it costs just £21,000 – a reduction of more than 27% in the first 12 months. In the second year the depreciation rate is likely to slow by roughly half (so the second year, this average car would lose around £3,750 in value).
So picking a year-old model will dramatically slash the upfront cost. There are exceptions if you’re picking a plush model. Brands that hold their value best tend to include Mercedes and Porsche - so you won't see too many year old luxury car bargains out there.
Variety (You can buy any make or model year)
Do you have your eye on a 2005 BMW M3? Maybe a 1979 FORD is the car for you? If you’re looking for a specific, older model, odds are you’re not going to find it in new condition. (If you are looking for a specific car, speak to us about sourcing)
If you buy a used car, as opposed to a new car, you have a much wider selection of inventory to choose from and you’re not limited to models that were released over the past year or two as you would be when buying new. You have a virtually endless supply of inventory to choose from.
Potentially Avoiding New Car Fees
If you buy a car at the dealership — new or used — you’re probably going to have fees (like taxes) bolted on regardless to the condition of the vehicle. You may also see random other fees, like processing, preparation, and advertising fees, which can add up to a hundreds of pounds. If you buy a used car from a private party, however, you can avoid some of theses random fees.
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