Whether you're exclusively browsing used-car listings or the newest television advertisement has you contemplate a brand-new model, each avenue offers benefits and disadvantages. To help you choose, we’ve compiled 3 reasons to shop for your next car from a used car showroom.

1-Depreciation

Let’s get this one straight. Cars depreciate.

With a couple of outstanding exceptions, buying a replacement car as an investment may be a bad idea. Cars last longer and longer, but vehicles still have been losing most of their value early in their lifespan.

While some models handle depreciation better than others, most shoppers can expect a replacement car to lose up to 50% of its value within three years of rolling off the lot.

Dad always said, “There’s no such thing as a gift,” and, unfortunately, that holds true with cars; for all the perks that come packaged with new vehicles (warranties, free maintenance, low financing), the inevitable law of depreciation remains a considerable cost and an excellent reason to buy used instead. You may want to contact us at Wheelie Good Finance to know about used car finance. Because everyone is unique so the preferences will be unique as well.

2-More Car for Your Money

Buying a second-hand car is often tons more fun than budgeting for a new one. Thanks to used car finance, your hard-earned money can take you a lot further in the used car market than if you were to buy new with your saving.

Your budget may afford you simply a base trim or entry-level car on the new market, but if you shop used, that very same budget can purchase you something significantly fancier or better equipped.

3-CPO Options

For many shoppers, having a warranty to protect them against a vehicle’s shortcomings is well worth the premium they pay for a new car. Today, however, virtually all carmakers offer some version of a licensed Pre-Owned (CPO) program, making second-hand car finance Services in UK a way less worrisome endeavor.

CPO programs vary by determining the manufacturer, and there is a significant difference between manufacturer certified and dealership certified, with the former almost always offering a more robust package. All manufacturers certified vehicles include some level of warranty (although the mileage and time covered vary) and sometimes additional perks like free roadside assistance or a free loaner car when yours must head to the shop.

To Sign Off

A car’s value is the primary item your insurance firm considers when determining rates. That makes sense; the more valuable a car, the extra money they’ll potentially need to distribute in the case of a mishap.

For example, BMW purchased used will cost less to insure than one purchased new, which all comes back to depreciation. You might not notice the difference between your 3-year-old BMW and a fresh one, but rest assured, your insurance firm will.

Now that you have enough information, take the next step. if you wish to know further you may contact us to know more about used  car finance for self-employed directly via our website.

Adam Barton is the author of this article. To know more about Second Hand Car Finance Services in UK. Please visit our website: wheeliegoodfinance.co.uk