Two to three-year-old cars are the best values most of the time. The price is much lower than a new car of the same make and model, and collision insurance and taxes are much lower. You can sometimes find a car that is much nicer than you would have been able to buy new, when you buy a used car.
Second hand cars are a better buy because of their reliability. When you are looking at used cars, you are looking at something that has been driven around by someone before, and you will know that it is reliable and will not fail you. Also, older vehicles have nearly one-third of the problems than newer cars do. Second-hand cars have maintenance and repair costs, if you think logically. However, even if you have to replace a few parts, the cost of those parts is significantly less than what you would have had to pay for a completely new car.
If you get a car in the first two to three years of its life, it will have fewer problems than older models. The few problems that these used cars may encounter will most likely are covered by warranties. This will reduce many costs that you would have had to pay on either older models or newer models.
New cars’ value rapidly decreases in the first three or so years. This depreciation causes the value of your car—that you spent a lot of money on—to be practically nonexistent. Buying a used car can alleviate this unneeded cost. Used cars will still have that loss of value, but it won’t be as drastic, as you will not be paying full price for it, thus making it worth the buy.
Interest rates are another important factor to consider when looking at second hand cars in Perth. Getting a used car loan means that you will have a much lower interest rate than for a new car, and this can be handy if you are looking to save more money.