Is Buying a Used Nissan Really Going to Save You Money?

If you’re a frugal shopper you will want to make sure that you get great value for money at all times. The value aspect becomes even more important when you’re about to make a huge financial decision, such as buying a car. For many years now buyers of cars have known that it can make sense to let someone else pay for the depreciation that is unavoidable when purchasing a new vehicle.  However, is it really a smart decision to avoid this depreciation and opt for a second or even third hand Nissan?

The Negative Side of Buying a Used Car

Before you can work out if buying a used car is the sensible choice for you it’s important to know what cons are involved in this type of transaction. There certainly are cons; some are financial while others are simply down to personal decisions and choices.

1. You will not have a say in the specifications the used car comes with. You may be able to find the perfect model with the perfect specifications, but it’s not something that can be guaranteed.
2. You may find the cost of running a used vehicle is higher than you expected. Over recent years fuel efficiency has been worked on and improved, helping drivers to reduce the cost and get better mileage from their vehicles.
3. Used cars have been on the road for longer and are more likely to run into problems that need repairing. You may find you buy a vehicle that requires immediate attention, so you’ll need to budget these repairs and the general maintenance you can expect from the older vehicle into your finances.

The Bright Side of Buying a Used Car

The negative side of buying a used car can often be overlooked when you consider that usually a car will lose half of its value within the first year. There are also other benefits to think about too:

1. The cost of the vehicle will be dramatically reduced, even if it’s only one or two years old. You could save a lot of money on a model that’s still selling for a high price in the showroom.
2. These days it’s possible to find used cars that come with warranties, so the repairs required for faults will still be covered.
3. The cost of insurance will be lower compared with the cost of insuring a new car, making the monthly costs less painful.
4. If the vehicle comes with a current warranty from the manufacturer it could be transferred to you in the sale.
5. When you want to sell the car in the future you won’t lose too much money providing you don’t run it into the ground.
6. You have the option of improving the vehicle over time, something you may be interested in as a hobby. With the right work and ownership you may be able to achieve back the amount you paid for the vehicle or even receive more money.

Buying a used car makes perfect financial sense, even if you have the money available to buy brand new. Finding Nissan used cars is really easy as there are lots on the market. Start your search over on cars.co.za where you’ll find a huge amount of choice.

 

Tags: Finance, Nissan, Nissan Leaf, Nissan Motor Company, Vehicle

Category: Car Purchase