A brand new car depreciates the second you drive it off the forecourt. It can lose as much as 40% of its value in the first year and continues to decrease for years until it’s worth practically nothing. On the other hand, second-hand cars have already taken that initial depreciation hit and hold their value a lot better.

Aside from value, here are some more advantages of buying a used car:

• You can get a lot more cars for your money. Even the most popular car will be cheaper than a new one, even though it might have the same features. The total cost of a used car is lower than a new one, including insurance, registration, and taxes.
• Used cars are often lower insurance group than their brand new counterparts. It means that they’ll be cheaper to insure. Representative example: Insuring a 2019 Ford Fiesta Zetec will cost £695. But insuring a 2018 Fiesta with the same engine will only cost £605 – that’s a saving of £90.
• There are no unexpected repair bills with a used car as you would get with a new one. Any faults will have been ironed out in the first few years.
• You can buy an absolute classic for the same price as a boring new car. Buying an old Jaguar E-Type will be more fun than driving a new Ford Mondeo.
• You don’t have to worry about depreciation. A new car loses a considerable amount of its value as soon as you drive it away. With a used car, you don’t need to worry about it.

These advantages make buying a used car a no-brainer for many people. You can get a far better car for your money and don’t have to worry about depreciation. So, if you’re in the market for a new car, be sure to check out our wide range of used cars first!