Reasons why buying a pre-loved car is better

Hubby received his brand new all sparkling, tech'd up, company car a couple of months ago. Which he loves, and it does look fab. However, it's brand new, and although it is a company car, he still treats it with all the love, due and respect, as if he bought it himself - meaning, the dogs are not allowed in his new car, or no eating, etc. 

Then we also have our family car, the trusty Nissan Qashqai +2, which we bought preloved, and have never had any issues with it. It's pretty much perfect for what we need: 7 seats, and runs like a dream.  This is my 4th Nissan, and will not be my last; my next car will be a Nissan, probably the XTrail, and a preloved one too.

Why pre-loved?

I appreciate that buying a pre-loved car can be riskier than buying a brand-new car, because you don’t know with 100% surety where that car has been and how it was treated, and there are no guarantees that significant problems won’t arise before you’ve got it paid off. However, when you decide to save thousands by choosing a used rather than a new car, you will be In exchange for a healthier bank balance.

So, below are a few reasons as to why buying a pre-loved car is better

You Will Save Money

You will save thousands of pounds by purchasing a used car. Why is this? New cars depreciate, and fast.

Avoid Depreciation

New cars typically depreciate about 20 percent as soon as they are driven out of the showroom. And, within the first year, a further percent is lost in value too. By buying a pre-loved car, you can avoid that hit.

Cheaper Insurance

The rates of car insurance are usually affected by the age of the vehicle, therefore the older the car, the less expensive it is to insure - saving yourself more money.

But, don’t forget gap insurance as it is a crucial coverage that should not be overlooked when purchasing a car on finance. This type of insurance fills the gap between what you owe on your car loan and the actual cash value of your car in case it is stolen or totalled in an accident. Without gap insurance, you could be left responsible for thousands of pounds to pay off your loan, even if your car is no longer drivable. It provides financial protection and peace of mind, ensuring that you are not left with a significant financial burden in already stressful circumstances. Be sure to consider adding gap insurance to your auto policy to safeguard your investment and ensure full protection in unexpected situations.

The Warranty Usually Transfers

In most cases, automotive warranties are based on the vehicle identification number (VIN), and the warranty will be valid regardless of ownership. Thus, if you buy a pre-loved car which is still within its warranty period, the warranty will remain valid.

A More Relaxed Experience

With a pre-owned vehicle, it already has some imperfections so getting another scratch or two may not be such a big deal; we can put the dogs in, let the kids eat, and not worry about parking the car too close to another car in a carpark.

The biggest concern of buying pre-loved is uncertainty about a car's history, thus, for reassurance it is best to buy from a reputable pre-loved car dealer, for example, you can find an amazing variety of used cars from KAP Motor Group in Folkestone. Buying from a reputable dealer you will receive a complete service history.