Introduction
“I purchased a new car, and when I came to the point of selling it, a few years later I received only half or a third of the original price. This is because the value of the vehicle falls drastically from the minute it is driven out of the showroom” says Sally, a resident of Wiltshire. Like Sally there are many who suffer a loss when they wish to sell their cars, for this reason buying a used or pre-owned car can be a good option for many. If you can get a good bargain on a used car, the deal can be financially rewarding.
(2)Benefits of buying used cars
The automobile market for used cars has been booming in recent years. According to the CNW market research there were more than 42.5 million sales of used cars in 2006. The result of this is a vast choice of used cars with attractive prices. Although a used car might not carry the same warranties as a new one, the original factory warranty on a new car is transferable to the second owner, without any charge in most cases. Buyers of certified pre-owned cars from an authorized dealer can purchase a late- model used car with the original warranty and then choose to add to it. The combination of a glut of late model used cars, the greater reliability and durability of the cars and the availability of warranties make buying of used cars less of a gamble. Another trend that makes buying of pre-owned cars a better option is the proliferation of certified pre-owned programmes. The idea started with luxury brand Lexus and has now become a popular alternative for car buyers.
(1)Dealers and used car purchase
Used cars can be purchased either privately, at an auction or from a dealer. The benefits of purchasing a used car from a dealer are:
1. You’ll find a large choice of cars at one location
2. You can buy your car in part exchange
3. Used cars will have been prepared for sale, so the faults have been dealt with, and the car is clean and presentable.
4. You will have the opportunity to inspect the car carefully, and to take it for a test drive.
5. A dealer who has nothing to hide will be happy for you to get the car professionally inspected by the AA and RAC.
6. Some form of guarantee will be offered.
7. You have the backing of the Sale and Supply of Goods Act if things don’t work out.
8. You have better protection if the car you buy turns out to be stolen or on uncleared hire purchase.
9. Dealers will try to locate a car for you even if they haven’t got it in stock.
A person will not be able to avail of these benefits if they purchase a pre-owned car from an auction or privately.
Source: (1)http://cars.uk.msn.com/Buyers_Guide/article.aspx?cp-documentid=474646
(2)http://www.cars.com/go/advice/Story.jsp?section=buy&subject=new_used&story=nuIntro
