5 reasons why you should buy a used car.

Cost savings, ease of upgrading to a higher segment, and reduced driving stress are some of the reasons customers choose used cars.

The demand for cars is increasing, but the price of new cars is rising due to various factors, from taxes and fees to traffic restrictions. Opportunities to buy a new car are becoming more difficult, making used cars a top priority for many, especially first-time car buyers. Below are five reasons why used cars are the right choice, compiled by Cardekho.

1. Cost savings

Compared to new cars, customers only have to pay about 70-80% of the price for a used car that is less than 3-4 years old. In addition, the fees for used cars are also lower than for new cars.With each year of use, the remaining value of a vehicle decreases due to depreciation, and therefore the total insurance payout also decreases accordingly.

2. Upgrade to a higher segment

For the same amount of money, customers can choose a used car in a higher segment compared to a new car in a lower segment. For example, 600 million VND can buy a new Toyota Vios, but the same amount can buy a used Mazda3 from 2011-2012. A higher segment means more spacious interior, more amenities and safety technology, and a superior engine.

3. Reduce stress while driving.

With a new car, even a small scratch from traffic can be a major concern. Owners of new cars tend to be extremely careful, which can lead to stress when driving or parking in unfamiliar places. However, with a used car, the mindset is different; you can comfortably navigate traffic jams and park in unfamiliar areas with less worry.

4. Certificate of Origin

With the growing used car market, customers can have more confidence in the quality of vehicles. Many independent garages offer used car quality inspection services, and car manufacturers themselves are also adding this service, as they have comprehensive inspection systems that check even the smallest details. In particular, customers can choose vehicles that have quality assurance certifications provided by the manufacturer.

5. It depreciates more slowly than a new car.

The depreciation of a new car to a used car is rapid, but the depreciation of a 3-4 year old car to a 5-6 year old car is much slower. Therefore, buyers of used cars can preserve their initial investment and avoid significant losses compared to reselling a new car.

According to VNE