Advantages of Buying a Used Car Instead of New
Many people do not realize that buying a used car can offer the same amount of satisfaction as a new car if the choice is made correctly. Moreover, it will save you a lot of money without compromising the quality of transportation. Here, at Elgin Volkswagen in Elgin, IL, we are providing you with a host of benefits of buying a used car over a new one.
The prices of used cars are almost 50% lower than new cars. It will help you save the financing budget by enabling you to pay off the whole amount much faster.
No Exaggerated Fees
A new car comes with a range of hidden fees, such as shipping charges and destination fees. An old car usually has no such exaggerated costs.
Lower Insurance Premiums
Gap insurance is applicable for new cars. It covers the difference between what is being paid and its depreciated value. However, it raises the insurance premium. But, in the case of old cars, the depreciation has already happened. So, gap insurance does not come into place.
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Most of these contemporary hybrid models use lithium-ion, lead-acid batteries, which impact the environment in a negative way by leaving behind hazardous waste. However, a used car reduces the carbon monoxide output in the nature.
Lower Annual Registration Fees
Usually, the rate of your annual registration fee is determined by the value and model year of the car. It is usually the maximum in the first three years. So, if you buy a car that is a minimum of three years old, you can save up on the annual registration cost.
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Check out the inventory of our pre-owned cars at Elgin Volkswagen in Elgin, IL and schedule a test drive.