6 Wise Reasons Why You Should Buy a Used Car

Go to a local car dealership, come in the showroom, open the door to one of the vehicles on display, and breathe deeply. Ahhhh, fresh car smell. Intoxicating, isn’t it? Alluring to the point that you’ll spend, on average, about $13,500 in order to obtain it.

That’s right. According to Kelley Blue Book, in 2015, Americans spent, on average, more than $33,500 on fresh vehicles. Meantime, J.D. Power reported that in the 2015, the average used vehicle cost just over $20,000.

That new-car smell sure is an expensive air freshener.

Of course, there are other reasons to buy a fresh car. At the same time, it makes slew of sense to buy a used car, and not something vintage like that cool Volkswagen Thing pictured above. We’re talking about lightly used vehicles, the type J.D. Power describes when it claims that in two thousand fifteen the average used vehicle was Four.Trio years old and had 51,554 miles on the odometer.

Very first up on our list of the six best reasons to buy a used car is the most evident one: saving money.

You will save thousands of dollars by purchasing a used car. In fact, based on the data cited above, you’ll spend $13,500 less by choosing the average used car instead of the average fresh car. Why is this? Fresh cars depreciate, and swift.

Sign the paperwork for a brand-new car, drive it off the lot, take a rail around town, and then come back the car to the dealership. It isn’t a fresh car anymore. It is a used car. And because it is a used car, it is worth substantially less than you paid for it just an hour prior. After three years, Consumer Reports says your fresh car will be worth just fifty four percent of what you paid for it, on average.

This is not true of all vehicles. For example, as this article is written, used Toyota FJ Cruisers are worth a far greater percentage of their original value than the typical used car. At the opposite end of the spectrum, in a nation awash in cheap gas, used Nissan Leaf electrical cars might as well be free.

Beyond the issue of depreciation, you’ll pay less sales tax on a used car, insurance for a used car costs less, and in many states it is cheaper to register a used car than it is a fresh car. The thing to reminisce is that these savings will ultimately be spent on a used car’s higher maintenance requirements.

Cars like this old Ford LTD used to rust away within a decade back in the 1970s.

Recall the 1970s, when cars like this old Ford LTD rusted apart within a decade? For something like that to happen to a modern automobile would require monumental manhandle by a vehicle’s original holder.

Today’s cars, trucks, SUVs and vans simply last longer. By the middle of the summer of 2015, according to IHS Automotive, the average car driving on American roads had reached a record high of 11.Five years of age. The auto industry think tank also predicts that by 2020, the number of 12-year-old vehicles still in operation will rise by fifteen percent.

Clearly, modern vehicles are built to last longer than ever, which means you can save thousands and expect a long service life from a used car.

Thanks to low payments, leasing is increasingly popular with fresh car “buyers.” Experian Automotive reported that during the very first part of 2015, more than thirty percent of fresh vehicles were leased rather than purchased.

Most leases are written for 3-year terms, and include confinements related to mileage, vehicle maintenance, and condition. Due to these confinements, people must take good care of the vehicle or face expensive fines at the end of the lease. When the lease term is up, the car is returned, and the returned vehicle must find a home. Typically, that car’s fresh home is the dealership’s certified pre-owned (CPO) lot.

Off-lease vehicles are usually ideal for CPO programs, which essentially ensure a used car buyer a vehicle in “like new” condition. Cars sold through CPO programs have low mileage, they’re well cared for, and all maintenance is up to date.

However, some vehicles that find their way into CPO programs are not off-lease vehicles, and they’re not lightly used trade-in models. Rather, they’re pulled out of daily rental car fleets. You’ve rented a car before. You know how they’re treated. You don’t want one of those.

Good thing you can always run Vehicle Identification Number (VIN) check to obtain a vehicle history report.

While a vehicle history report cannot identify every possible cause for concern associated with a particular used car, effortless access to them certainly adds significant peace of mind.

Carfax and AutoCheck are the two thickest providers of vehicle history reports, and it is absolutely essential to obtain one when buying a used car. Using the vehicle’s VIN, either company can obtain a substantial amount of information on a used vehicle. Highlights of the kinds of information contained within a vehicle history report include:

• Number of previous owners

• Previous registration status (lease, private, fleet, taxi, etc.)

• Accident, flood, repair, Lemon Law history

While a vehicle history report cannot identify every possible cause for concern associated with a particular used car, effortless access to them certainly adds significant peace of mind when buying one.

Also, note that one of the many perks associated with most automaker CPO programs is a free vehicle history report for the vehicle you’re considering.

Five.) Favorable Financing Rates and Terms

While it is true that you will typically pay a higher interest rate on a loan for a used vehicle than you will on a loan for a fresh vehicle, historically low rates mean that many automakers can suggest attractive financing options for their CPO vehicles.

For example, as this article is written, Volkswagen is providing Two.49-percent financing for sixty months on CPO vehicles sold through its World Auto program. According to Bankrate, this rate is competitive for my area, matching the best 60-month used car loan that I could obtain on my own.

My local dealership has a two thousand thirteen Jetta GLI with Autobahn trim in stock, one with just 27,700 miles on it. Through the World Auto financing suggest, I’d put $550 down, pay the sales tax and any associated fees, and finance $20,000 for sixty months, getting a German sport sedan for $355 per month. And that’s before price negotiation.

Even if you’re not looking to budge up to a premium brand and dealership practice, choosing a used vehicle opens a world of possibilities.

Check out this two thousand fourteen Audi A4. Sitting on a lot just a few blocks away from the Jetta GLI described in the previous section, this CPO A4 is tooled with Premium Plus trim and Quattro all-wheel drive, and has fewer than 30,000 miles on it. The price is discounted to $27,994, about $12,000 less than a fresh two thousand sixteen would cost.

Not only that, but this Audi is basically priced the same as a fully loaded two thousand seventeen Hyundai Elantra Limited or a brand-new Chevy Malibu LT with a leather package. Is the Audi the “better” car? Well, that all depends on how you define “better.” It would certainly be the more “impressive” car as far as what other people think when they see you behind the wheel.

Even if you’re not looking to stir up to a premium brand and dealership practice, choosing a used vehicle opens a world of possibilities. Using AutoTrader and its search implement, which provides a number of useful filters, I discovered that there are Four,093 used cars within fifty miles of my house, all priced at less than $20,000 and with fewer than 30,000 miles demonstrating on the odometer.

Buying a used car is riskier than buying a fresh car, because you don’t know with 100-percent surety where that car has been and how it was treated, and there are no assures that significant problems won’t arise before you’ve got it paid off.

What’s that old telling? You don’t get something for nothing? That’s true when you determine to save thousands by choosing a used rather than a fresh car. In exchange for a healthier bank account, you assume some risk, and perhaps lose a little peace-of-mind.

The good news is that today’s vehicles are better than ever, vehicle history reports can expose significant details about a car’s past, and automaker CPO programs suggest a nominal assure that you’re getting the fluid of the used car crop.

Did you find this article helpful? If so, please share it using the “Join the Conversation” buttons below, and thank you for visiting Daily News Autos.

6 Wise Reasons Why You Should Buy a Used Car – NY Daily News

6 Wise Reasons Why You Should Buy a Used Car

Go to a local car dealership, come in the showroom, open the door to one of the vehicles on display, and breathe deeply. Ahhhh, fresh car smell. Intoxicating, isn’t it? Alluring to the point that you’ll spend, on average, about $13,500 in order to obtain it.

That’s right. According to Kelley Blue Book, in 2015, Americans spent, on average, more than $33,500 on fresh vehicles. Meantime, J.D. Power reported that in the 2015, the average used vehicle cost just over $20,000.

That new-car smell sure is an expensive air freshener.

Of course, there are other reasons to buy a fresh car. At the same time, it makes slew of sense to buy a used car, and not something vintage like that cool Volkswagen Thing pictured above. We’re talking about lightly used vehicles, the type J.D. Power describes when it claims that in two thousand fifteen the average used vehicle was Four.Trio years old and had 51,554 miles on the odometer.

Very first up on our list of the six best reasons to buy a used car is the most demonstrable one: saving money.

You will save thousands of dollars by purchasing a used car. In fact, based on the data cited above, you’ll spend $13,500 less by choosing the average used car instead of the average fresh car. Why is this? Fresh cars depreciate, and prompt.

Sign the paperwork for a brand-new car, drive it off the lot, take a rail around town, and then come back the car to the dealership. It isn’t a fresh car anymore. It is a used car. And because it is a used car, it is worth substantially less than you paid for it just an hour prior. After three years, Consumer Reports says your fresh car will be worth just fifty four percent of what you paid for it, on average.

This is not true of all vehicles. For example, as this article is written, used Toyota FJ Cruisers are worth a far greater percentage of their original value than the typical used car. At the opposite end of the spectrum, in a nation awash in cheap gas, used Nissan Leaf electrified cars might as well be free.

Beyond the issue of depreciation, you’ll pay less sales tax on a used car, insurance for a used car costs less, and in many states it is cheaper to register a used car than it is a fresh car. The thing to recall is that these savings will ultimately be spent on a used car’s higher maintenance requirements.

Cars like this old Ford LTD used to rust away within a decade back in the 1970s.

Reminisce the 1970s, when cars like this old Ford LTD rusted apart within a decade? For something like that to happen to a modern automobile would require monumental manhandle by a vehicle’s original possessor.

Today’s cars, trucks, SUVs and vans simply last longer. By the middle of the summer of 2015, according to IHS Automotive, the average car driving on American roads had reached a record high of 11.Five years of age. The auto industry think tank also predicts that by 2020, the number of 12-year-old vehicles still in operation will rise by fifteen percent.

Clearly, modern vehicles are built to last longer than ever, which means you can save thousands and expect a long service life from a used car.

Thanks to low payments, leasing is increasingly popular with fresh car “buyers.” Experian Automotive reported that during the very first part of 2015, more than thirty percent of fresh vehicles were leased rather than purchased.

Most leases are written for 3-year terms, and include confinements related to mileage, vehicle maintenance, and condition. Due to these limitations, people must take good care of the vehicle or face expensive fines at the end of the lease. When the lease term is up, the car is returned, and the returned vehicle must find a home. Typically, that car’s fresh home is the dealership’s certified pre-owned (CPO) lot.

Off-lease vehicles are usually flawless for CPO programs, which essentially ensure a used car buyer a vehicle in “like new” condition. Cars sold through CPO programs have low mileage, they’re well cared for, and all maintenance is up to date.

However, some vehicles that find their way into CPO programs are not off-lease vehicles, and they’re not lightly used trade-in models. Rather, they’re pulled out of daily rental car fleets. You’ve rented a car before. You know how they’re treated. You don’t want one of those.

Good thing you can always run Vehicle Identification Number (VIN) check to obtain a vehicle history report.

While a vehicle history report cannot identify every possible cause for concern associated with a particular used car, effortless access to them certainly adds significant peace of mind.

Carfax and AutoCheck are the two largest providers of vehicle history reports, and it is absolutely essential to obtain one when buying a used car. Using the vehicle’s VIN, either company can obtain a substantial amount of information on a used vehicle. Highlights of the kinds of information contained within a vehicle history report include:

• Number of previous owners

• Previous registration status (lease, individual, fleet, taxi, etc.)

• Accident, flood, repair, Lemon Law history

While a vehicle history report cannot identify every possible cause for concern associated with a particular used car, effortless access to them certainly adds significant peace of mind when buying one.

Also, note that one of the many perks associated with most automaker CPO programs is a free vehicle history report for the vehicle you’re considering.

Five.) Favorable Financing Rates and Terms

While it is true that you will typically pay a higher interest rate on a loan for a used vehicle than you will on a loan for a fresh vehicle, historically low rates mean that many automakers can suggest attractive financing options for their CPO vehicles.

For example, as this article is written, Volkswagen is providing Two.49-percent financing for sixty months on CPO vehicles sold through its World Auto program. According to Bankrate, this rate is competitive for my area, matching the best 60-month used car loan that I could obtain on my own.

My local dealership has a two thousand thirteen Jetta GLI with Autobahn trim in stock, one with just 27,700 miles on it. Through the World Auto financing suggest, I’d put $550 down, pay the sales tax and any associated fees, and finance $20,000 for sixty months, getting a German sport sedan for $355 per month. And that’s before price negotiation.

Even if you’re not looking to stir up to a premium brand and dealership practice, choosing a used vehicle opens a world of possibilities.

Check out this two thousand fourteen Audi A4. Sitting on a lot just a few blocks away from the Jetta GLI described in the previous section, this CPO A4 is tooled with Premium Plus trim and Quattro all-wheel drive, and has fewer than 30,000 miles on it. The price is discounted to $27,994, about $12,000 less than a fresh two thousand sixteen would cost.

Not only that, but this Audi is basically priced the same as a fully loaded two thousand seventeen Hyundai Elantra Limited or a brand-new Chevy Malibu LT with a leather package. Is the Audi the “better” car? Well, that all depends on how you define “better.” It would certainly be the more “impressive” car as far as what other people think when they see you behind the wheel.

Even if you’re not looking to budge up to a premium brand and dealership practice, choosing a used vehicle opens a world of possibilities. Using AutoTrader and its search instrument, which provides a number of useful filters, I discovered that there are Four,093 used cars within fifty miles of my house, all priced at less than $20,000 and with fewer than 30,000 miles displaying on the odometer.

Buying a used car is riskier than buying a fresh car, because you don’t know with 100-percent surety where that car has been and how it was treated, and there are no assures that significant problems won’t arise before you’ve got it paid off.

What’s that old telling? You don’t get something for nothing? That’s true when you determine to save thousands by choosing a used rather than a fresh car. In exchange for a healthier bank account, you assume some risk, and perhaps lose a little peace-of-mind.

The good news is that today’s vehicles are better than ever, vehicle history reports can expose significant details about a car’s past, and automaker CPO programs suggest a nominal ensure that you’re getting the juices of the used car crop.

Did you find this article helpful? If so, please share it using the “Join the Conversation” buttons below, and thank you for visiting Daily News Autos.

6 Wise Reasons Why You Should Buy a Used Car – NY Daily News

6 Clever Reasons Why You Should Buy a Used Car

Go to a local car dealership, come in the showroom, open the door to one of the vehicles on display, and breathe deeply. Ahhhh, fresh car smell. Intoxicating, isn’t it? Alluring to the point that you’ll spend, on average, about $13,500 in order to obtain it.

That’s right. According to Kelley Blue Book, in 2015, Americans spent, on average, more than $33,500 on fresh vehicles. Meantime, J.D. Power reported that in the 2015, the average used vehicle cost just over $20,000.

That new-car smell sure is an expensive air freshener.

Of course, there are other reasons to buy a fresh car. At the same time, it makes slew of sense to buy a used car, and not something vintage like that cool Volkswagen Thing pictured above. We’re talking about lightly used vehicles, the type J.D. Power describes when it claims that in two thousand fifteen the average used vehicle was Four.Trio years old and had 51,554 miles on the odometer.

Very first up on our list of the six best reasons to buy a used car is the most evident one: saving money.

You will save thousands of dollars by purchasing a used car. In fact, based on the data cited above, you’ll spend $13,500 less by choosing the average used car instead of the average fresh car. Why is this? Fresh cars depreciate, and swift.

Sign the paperwork for a brand-new car, drive it off the lot, take a rail around town, and then come back the car to the dealership. It isn’t a fresh car anymore. It is a used car. And because it is a used car, it is worth substantially less than you paid for it just an hour prior. After three years, Consumer Reports says your fresh car will be worth just fifty four percent of what you paid for it, on average.

This is not true of all vehicles. For example, as this article is written, used Toyota FJ Cruisers are worth a far greater percentage of their original value than the typical used car. At the opposite end of the spectrum, in a nation awash in cheap gas, used Nissan Leaf electrified cars might as well be free.

Beyond the issue of depreciation, you’ll pay less sales tax on a used car, insurance for a used car costs less, and in many states it is cheaper to register a used car than it is a fresh car. The thing to recall is that these savings will ultimately be spent on a used car’s higher maintenance requirements.

Cars like this old Ford LTD used to rust away within a decade back in the 1970s.

Recall the 1970s, when cars like this old Ford LTD rusted apart within a decade? For something like that to happen to a modern automobile would require monumental manhandle by a vehicle’s original proprietor.

Today’s cars, trucks, SUVs and vans simply last longer. By the middle of the summer of 2015, according to IHS Automotive, the average car driving on American roads had reached a record high of 11.Five years of age. The auto industry think tank also predicts that by 2020, the number of 12-year-old vehicles still in operation will rise by fifteen percent.

Clearly, modern vehicles are built to last longer than ever, which means you can save thousands and expect a long service life from a used car.

Thanks to low payments, leasing is increasingly popular with fresh car “buyers.” Experian Automotive reported that during the very first part of 2015, more than thirty percent of fresh vehicles were leased rather than purchased.

Most leases are written for 3-year terms, and include confinements related to mileage, vehicle maintenance, and condition. Due to these confinements, people must take good care of the vehicle or face expensive fines at the end of the lease. When the lease term is up, the car is returned, and the returned vehicle must find a home. Typically, that car’s fresh home is the dealership’s certified pre-owned (CPO) lot.

Off-lease vehicles are usually ideal for CPO programs, which essentially ensure a used car buyer a vehicle in “like new” condition. Cars sold through CPO programs have low mileage, they’re well cared for, and all maintenance is up to date.

However, some vehicles that find their way into CPO programs are not off-lease vehicles, and they’re not lightly used trade-in models. Rather, they’re pulled out of daily rental car fleets. You’ve rented a car before. You know how they’re treated. You don’t want one of those.

Good thing you can always run Vehicle Identification Number (VIN) check to obtain a vehicle history report.

While a vehicle history report cannot identify every possible cause for concern associated with a particular used car, effortless access to them certainly adds significant peace of mind.

Carfax and AutoCheck are the two largest providers of vehicle history reports, and it is absolutely essential to obtain one when buying a used car. Using the vehicle’s VIN, either company can obtain a substantial amount of information on a used vehicle. Highlights of the kinds of information contained within a vehicle history report include:

• Number of previous owners

• Previous registration status (lease, individual, fleet, taxi, etc.)

• Accident, flood, repair, Lemon Law history

While a vehicle history report cannot identify every possible cause for concern associated with a particular used car, effortless access to them certainly adds significant peace of mind when buying one.

Also, note that one of the many perks associated with most automaker CPO programs is a free vehicle history report for the vehicle you’re considering.

Five.) Favorable Financing Rates and Terms

While it is true that you will typically pay a higher interest rate on a loan for a used vehicle than you will on a loan for a fresh vehicle, historically low rates mean that many automakers can suggest attractive financing options for their CPO vehicles.

For example, as this article is written, Volkswagen is providing Two.49-percent financing for sixty months on CPO vehicles sold through its World Auto program. According to Bankrate, this rate is competitive for my area, matching the best 60-month used car loan that I could obtain on my own.

My local dealership has a two thousand thirteen Jetta GLI with Autobahn trim in stock, one with just 27,700 miles on it. Through the World Auto financing suggest, I’d put $550 down, pay the sales tax and any associated fees, and finance $20,000 for sixty months, getting a German sport sedan for $355 per month. And that’s before price negotiation.

Even if you’re not looking to budge up to a premium brand and dealership practice, choosing a used vehicle opens a world of possibilities.

Check out this two thousand fourteen Audi A4. Sitting on a lot just a few blocks away from the Jetta GLI described in the previous section, this CPO A4 is tooled with Premium Plus trim and Quattro all-wheel drive, and has fewer than 30,000 miles on it. The price is discounted to $27,994, about $12,000 less than a fresh two thousand sixteen would cost.

Not only that, but this Audi is basically priced the same as a fully loaded two thousand seventeen Hyundai Elantra Limited or a brand-new Chevy Malibu LT with a leather package. Is the Audi the “better” car? Well, that all depends on how you define “better.” It would certainly be the more “impressive” car as far as what other people think when they see you behind the wheel.

Even if you’re not looking to stir up to a premium brand and dealership practice, choosing a used vehicle opens a world of possibilities. Using AutoTrader and its search instrument, which provides a number of useful filters, I discovered that there are Four,093 used cars within fifty miles of my house, all priced at less than $20,000 and with fewer than 30,000 miles showcasing on the odometer.

Buying a used car is riskier than buying a fresh car, because you don’t know with 100-percent surety where that car has been and how it was treated, and there are no ensures that significant problems won’t arise before you’ve got it paid off.

What’s that old telling? You don’t get something for nothing? That’s true when you determine to save thousands by choosing a used rather than a fresh car. In exchange for a healthier bank account, you assume some risk, and perhaps lose a little peace-of-mind.

The good news is that today’s vehicles are better than ever, vehicle history reports can expose significant details about a car’s past, and automaker CPO programs suggest a nominal assure that you’re getting the juice of the used car crop.

Did you find this article helpful? If so, please share it using the “Join the Conversation” buttons below, and thank you for visiting Daily News Autos.

6 Brainy Reasons Why You Should Buy a Used Car – NY Daily News

6 Clever Reasons Why You Should Buy a Used Car

Go to a local car dealership, come in the showroom, open the door to one of the vehicles on display, and breathe deeply. Ahhhh, fresh car smell. Intoxicating, isn’t it? Alluring to the point that you’ll spend, on average, about $13,500 in order to obtain it.

That’s right. According to Kelley Blue Book, in 2015, Americans spent, on average, more than $33,500 on fresh vehicles. Meantime, J.D. Power reported that in the 2015, the average used vehicle cost just over $20,000.

That new-car smell sure is an expensive air freshener.

Of course, there are other reasons to buy a fresh car. At the same time, it makes slew of sense to buy a used car, and not something vintage like that cool Volkswagen Thing pictured above. We’re talking about lightly used vehicles, the type J.D. Power describes when it claims that in two thousand fifteen the average used vehicle was Four.Three years old and had 51,554 miles on the odometer.

Very first up on our list of the six best reasons to buy a used car is the most visible one: saving money.

You will save thousands of dollars by purchasing a used car. In fact, based on the data cited above, you’ll spend $13,500 less by choosing the average used car instead of the average fresh car. Why is this? Fresh cars depreciate, and prompt.

Sign the paperwork for a brand-new car, drive it off the lot, take a rail around town, and then comeback the car to the dealership. It isn’t a fresh car anymore. It is a used car. And because it is a used car, it is worth substantially less than you paid for it just an hour prior. After three years, Consumer Reports says your fresh car will be worth just fifty four percent of what you paid for it, on average.

This is not true of all vehicles. For example, as this article is written, used Toyota FJ Cruisers are worth a far greater percentage of their original value than the typical used car. At the opposite end of the spectrum, in a nation awash in cheap gas, used Nissan Leaf electrified cars might as well be free.

Beyond the issue of depreciation, you’ll pay less sales tax on a used car, insurance for a used car costs less, and in many states it is cheaper to register a used car than it is a fresh car. The thing to reminisce is that these savings will ultimately be spent on a used car’s higher maintenance requirements.

Cars like this old Ford LTD used to rust away within a decade back in the 1970s.

Reminisce the 1970s, when cars like this old Ford LTD rusted apart within a decade? For something like that to happen to a modern automobile would require monumental manhandle by a vehicle’s original proprietor.

Today’s cars, trucks, SUVs and vans simply last longer. By the middle of the summer of 2015, according to IHS Automotive, the average car driving on American roads had reached a record high of 11.Five years of age. The auto industry think tank also predicts that by 2020, the number of 12-year-old vehicles still in operation will rise by fifteen percent.

Clearly, modern vehicles are built to last longer than ever, which means you can save thousands and expect a long service life from a used car.

Thanks to low payments, leasing is increasingly popular with fresh car “buyers.” Experian Automotive reported that during the very first part of 2015, more than thirty percent of fresh vehicles were leased rather than purchased.

Most leases are written for 3-year terms, and include limitations related to mileage, vehicle maintenance, and condition. Due to these limitations, people must take good care of the vehicle or face expensive fines at the end of the lease. When the lease term is up, the car is returned, and the returned vehicle must find a home. Typically, that car’s fresh home is the dealership’s certified pre-owned (CPO) lot.

Off-lease vehicles are usually ideal for CPO programs, which essentially ensure a used car buyer a vehicle in “like new” condition. Cars sold through CPO programs have low mileage, they’re well cared for, and all maintenance is up to date.

However, some vehicles that find their way into CPO programs are not off-lease vehicles, and they’re not lightly used trade-in models. Rather, they’re pulled out of daily rental car fleets. You’ve rented a car before. You know how they’re treated. You don’t want one of those.

Good thing you can always run Vehicle Identification Number (VIN) check to obtain a vehicle history report.

While a vehicle history report cannot identify every possible cause for concern associated with a particular used car, effortless access to them certainly adds significant peace of mind.

Carfax and AutoCheck are the two largest providers of vehicle history reports, and it is absolutely essential to obtain one when buying a used car. Using the vehicle’s VIN, either company can obtain a substantial amount of information on a used vehicle. Highlights of the kinds of information contained within a vehicle history report include:

• Number of previous owners

• Previous registration status (lease, private, fleet, taxi, etc.)

• Accident, flood, repair, Lemon Law history

While a vehicle history report cannot identify every possible cause for concern associated with a particular used car, effortless access to them certainly adds significant peace of mind when buying one.

Also, note that one of the many perks associated with most automaker CPO programs is a free vehicle history report for the vehicle you’re considering.

Five.) Favorable Financing Rates and Terms

While it is true that you will typically pay a higher interest rate on a loan for a used vehicle than you will on a loan for a fresh vehicle, historically low rates mean that many automakers can suggest attractive financing options for their CPO vehicles.

For example, as this article is written, Volkswagen is providing Two.49-percent financing for sixty months on CPO vehicles sold through its World Auto program. According to Bankrate, this rate is competitive for my area, matching the best 60-month used car loan that I could obtain on my own.

My local dealership has a two thousand thirteen Jetta GLI with Autobahn trim in stock, one with just 27,700 miles on it. Through the World Auto financing suggest, I’d put $550 down, pay the sales tax and any associated fees, and finance $20,000 for sixty months, getting a German sport sedan for $355 per month. And that’s before price negotiation.

Even if you’re not looking to stir up to a premium brand and dealership practice, choosing a used vehicle opens a world of possibilities.

Check out this two thousand fourteen Audi A4. Sitting on a lot just a few blocks away from the Jetta GLI described in the previous section, this CPO A4 is tooled with Premium Plus trim and Quattro all-wheel drive, and has fewer than 30,000 miles on it. The price is discounted to $27,994, about $12,000 less than a fresh two thousand sixteen would cost.

Not only that, but this Audi is basically priced the same as a fully loaded two thousand seventeen Hyundai Elantra Limited or a brand-new Chevy Malibu LT with a leather package. Is the Audi the “better” car? Well, that all depends on how you define “better.” It would certainly be the more “impressive” car as far as what other people think when they see you behind the wheel.

Even if you’re not looking to stir up to a premium brand and dealership practice, choosing a used vehicle opens a world of possibilities. Using AutoTrader and its search device, which provides a number of useful filters, I discovered that there are Four,093 used cars within fifty miles of my house, all priced at less than $20,000 and with fewer than 30,000 miles displaying on the odometer.

Buying a used car is riskier than buying a fresh car, because you don’t know with 100-percent surety where that car has been and how it was treated, and there are no assures that significant problems won’t arise before you’ve got it paid off.

What’s that old telling? You don’t get something for nothing? That’s true when you determine to save thousands by choosing a used rather than a fresh car. In exchange for a healthier bank account, you assume some risk, and perhaps lose a little peace-of-mind.

The good news is that today’s vehicles are better than ever, vehicle history reports can expose significant details about a car’s past, and automaker CPO programs suggest a nominal ensure that you’re getting the fluid of the used car crop.

Did you find this article helpful? If so, please share it using the “Join the Conversation” buttons below, and thank you for visiting Daily News Autos.

6 Clever Reasons Why You Should Buy a Used Car – NY Daily News

6 Brainy Reasons Why You Should Buy a Used Car

Go to a local car dealership, come in the showroom, open the door to one of the vehicles on display, and breathe deeply. Ahhhh, fresh car smell. Intoxicating, isn’t it? Alluring to the point that you’ll spend, on average, about $13,500 in order to obtain it.

That’s right. According to Kelley Blue Book, in 2015, Americans spent, on average, more than $33,500 on fresh vehicles. Meantime, J.D. Power reported that in the 2015, the average used vehicle cost just over $20,000.

That new-car smell sure is an expensive air freshener.

Of course, there are other reasons to buy a fresh car. At the same time, it makes slew of sense to buy a used car, and not something vintage like that cool Volkswagen Thing pictured above. We’re talking about lightly used vehicles, the type J.D. Power describes when it claims that in two thousand fifteen the average used vehicle was Four.Trio years old and had 51,554 miles on the odometer.

Very first up on our list of the six best reasons to buy a used car is the most demonstrable one: saving money.

You will save thousands of dollars by purchasing a used car. In fact, based on the data cited above, you’ll spend $13,500 less by choosing the average used car instead of the average fresh car. Why is this? Fresh cars depreciate, and swift.

Sign the paperwork for a brand-new car, drive it off the lot, take a rail around town, and then come back the car to the dealership. It isn’t a fresh car anymore. It is a used car. And because it is a used car, it is worth substantially less than you paid for it just an hour prior. After three years, Consumer Reports says your fresh car will be worth just fifty four percent of what you paid for it, on average.

This is not true of all vehicles. For example, as this article is written, used Toyota FJ Cruisers are worth a far greater percentage of their original value than the typical used car. At the opposite end of the spectrum, in a nation awash in cheap gas, used Nissan Leaf electrified cars might as well be free.

Beyond the issue of depreciation, you’ll pay less sales tax on a used car, insurance for a used car costs less, and in many states it is cheaper to register a used car than it is a fresh car. The thing to recall is that these savings will ultimately be spent on a used car’s higher maintenance requirements.

Cars like this old Ford LTD used to rust away within a decade back in the 1970s.

Recall the 1970s, when cars like this old Ford LTD rusted apart within a decade? For something like that to happen to a modern automobile would require monumental manhandle by a vehicle’s original proprietor.

Today’s cars, trucks, SUVs and vans simply last longer. By the middle of the summer of 2015, according to IHS Automotive, the average car driving on American roads had reached a record high of 11.Five years of age. The auto industry think tank also predicts that by 2020, the number of 12-year-old vehicles still in operation will rise by fifteen percent.

Clearly, modern vehicles are built to last longer than ever, which means you can save thousands and expect a long service life from a used car.

Thanks to low payments, leasing is increasingly popular with fresh car “buyers.” Experian Automotive reported that during the very first part of 2015, more than thirty percent of fresh vehicles were leased rather than purchased.

Most leases are written for 3-year terms, and include confinements related to mileage, vehicle maintenance, and condition. Due to these limitations, people must take good care of the vehicle or face expensive fines at the end of the lease. When the lease term is up, the car is returned, and the returned vehicle must find a home. Typically, that car’s fresh home is the dealership’s certified pre-owned (CPO) lot.

Off-lease vehicles are usually ideal for CPO programs, which essentially assure a used car buyer a vehicle in “like new” condition. Cars sold through CPO programs have low mileage, they’re well cared for, and all maintenance is up to date.

However, some vehicles that find their way into CPO programs are not off-lease vehicles, and they’re not lightly used trade-in models. Rather, they’re pulled out of daily rental car fleets. You’ve rented a car before. You know how they’re treated. You don’t want one of those.

Good thing you can always run Vehicle Identification Number (VIN) check to obtain a vehicle history report.

While a vehicle history report cannot identify every possible cause for concern associated with a particular used car, effortless access to them certainly adds significant peace of mind.

Carfax and AutoCheck are the two largest providers of vehicle history reports, and it is absolutely essential to obtain one when buying a used car. Using the vehicle’s VIN, either company can obtain a substantial amount of information on a used vehicle. Highlights of the kinds of information contained within a vehicle history report include:

• Number of previous owners

• Previous registration status (lease, private, fleet, taxi, etc.)

• Accident, flood, repair, Lemon Law history

While a vehicle history report cannot identify every possible cause for concern associated with a particular used car, effortless access to them certainly adds significant peace of mind when buying one.

Also, note that one of the many perks associated with most automaker CPO programs is a free vehicle history report for the vehicle you’re considering.

Five.) Favorable Financing Rates and Terms

While it is true that you will typically pay a higher interest rate on a loan for a used vehicle than you will on a loan for a fresh vehicle, historically low rates mean that many automakers can suggest attractive financing options for their CPO vehicles.

For example, as this article is written, Volkswagen is providing Two.49-percent financing for sixty months on CPO vehicles sold through its World Auto program. According to Bankrate, this rate is competitive for my area, matching the best 60-month used car loan that I could obtain on my own.

My local dealership has a two thousand thirteen Jetta GLI with Autobahn trim in stock, one with just 27,700 miles on it. Through the World Auto financing suggest, I’d put $550 down, pay the sales tax and any associated fees, and finance $20,000 for sixty months, getting a German sport sedan for $355 per month. And that’s before price negotiation.

Even if you’re not looking to stir up to a premium brand and dealership practice, choosing a used vehicle opens a world of possibilities.

Check out this two thousand fourteen Audi A4. Sitting on a lot just a few blocks away from the Jetta GLI described in the previous section, this CPO A4 is tooled with Premium Plus trim and Quattro all-wheel drive, and has fewer than 30,000 miles on it. The price is discounted to $27,994, about $12,000 less than a fresh two thousand sixteen would cost.

Not only that, but this Audi is basically priced the same as a fully loaded two thousand seventeen Hyundai Elantra Limited or a brand-new Chevy Malibu LT with a leather package. Is the Audi the “better” car? Well, that all depends on how you define “better.” It would certainly be the more “impressive” car as far as what other people think when they see you behind the wheel.

Even if you’re not looking to stir up to a premium brand and dealership practice, choosing a used vehicle opens a world of possibilities. Using AutoTrader and its search instrument, which provides a number of useful filters, I discovered that there are Four,093 used cars within fifty miles of my house, all priced at less than $20,000 and with fewer than 30,000 miles demonstrating on the odometer.

Buying a used car is riskier than buying a fresh car, because you don’t know with 100-percent surety where that car has been and how it was treated, and there are no assures that significant problems won’t arise before you’ve got it paid off.

What’s that old telling? You don’t get something for nothing? That’s true when you determine to save thousands by choosing a used rather than a fresh car. In exchange for a healthier bank account, you assume some risk, and perhaps lose a little peace-of-mind.

The good news is that today’s vehicles are better than ever, vehicle history reports can expose significant details about a car’s past, and automaker CPO programs suggest a nominal ensure that you’re getting the juices of the used car crop.

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