Let’s state the obvious: when it comes to purchasing a car, you have the choice between new and second-hand. While a shiny new car may be very appealing, their value depreciates by at least 10% the second you drive it off the lot. There are far more benefits to purchasing second-hand, so let’s go over a few, shall we?
- When purchasing second-hand, most of the car’s value depreciation has already occurred. Its value is now mostly based on its mileage and overall condition, and its value won’t go down much unless you are a heavy driver or drive more km per year than the average.
- You should be able to afford more car for your money. If you are wanting a third row of seating in your next family vehicle, or a built-in navigation system, these items are far easier to afford on a second-hand vehicle.
- Purchasing second-hand gives you the opportunity to have a significantly larger amount of information about the vehicle. It is difficult to know the reliability of brand new cars, but with second-hand, you will have plenty of reviews and articles to sift through.
- A second-hand vehicle is usually cheaper to insure, so your overall cost of ownership should be less.
Now that you’ve got the knowledge, it’s time to shop! Head to gumtree.co.za or your Gumtree app (click for Apple & Android) and don’t forget to use your location settings to find a new ride close to home.