A used car, a pre-owned vehicle, or a second-hand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers, rental car companies, leasing offices, auctions, and private party sales. Some car retailers offer “no-haggle prices,” “certified” used cars, and extended service plans or warranties.
You can save a lot of cash by buying a used car instead of a new one. Regardless of the type of vehicle you have in mind (average vehicle or “dream machine”), there are lots of options to choose from.
However, with the plethora of strong-willed salesmen, amongst other factors, it can seem a daunting task. Luckily, we at Glacier Vehicles, have a book of guidelines to eliminate probable surprises.
The average new car goes for around £28,500. However, when it has been used for over a year, and has racked up 10,000 miles, it drops to £21,000 – a whopping 27% reduction in the just the first year. Its depreciation rate will most likely slump again by half in the second year, meaning a loss in value of around £3,750.
There is no need to spend time and energy on research, we’ve already done that for you. Compare the running costs of different vehicles you’re looking to buy on numerous websites, including ours, http://www.glaciervehicles.com/. How do you choose the best used vehicle? It’s a no brainer, just consider the following criteria:
Before doing your financial calculations, you need to make a decision on what model of car you want. Your budget should come in two kinds: upfront and continuous. Be sure to think critically and make financial provisions for the following:
If your transport and logistics business is a startup, then buying a used car will be easier on your finances. After settling properly into your new business (financial stability and growing customer base), you may then decide to buy a new car.
Ready to buy that car? We thought you’d never ask. You can reach us on 0208 668 7579.