Average Canadians pay around 20 percent of their take-home pay to drive a new car! In fact, in some age groups, spending on cars has taken precedence over saving. It’s hard to resist the smell of a new car, isn’t it? But why would you spend an average of $35,000 – $40,000 on a new car when a used car sells for half that amount? Here are a few reasons to buy used cars in Halifax:
Most of us use cars to get to work, to take the kids to school, or go grocery shopping. In other words, cars are an indispensable aspect of our lives. They’re there only to serve a purpose – the extra thousands of dollars you would pay for a new car is unlikely to make any difference to your routine.
We all know that a car loses value immediately the moment you drive it off the showroom – for some cars, the depreciation value could be as high as 15%. In around four years time, the car loses 50% of its value. After that, the depreciation curve is less steep. Buy a car that’s around 3-4 years old and in good condition if you want the best value for your money. Even if you sell it after a year, you could resell it with very little loss in equity.
Thanks to technology, the cars we now drive are better built than a decade ago. A well maintained used car that’s over five years old can easily last for around eight to ten more years without the need for major repairs. Some cars are built to last even after clocking 150,000 miles or longer.
Used cars are perfect for people with no credit or bad credit scores. For example, at the Maritime Vehicle Providers, we can help you buy your dream car. All you have to do is to fill in the online form or call us at 1 902 468 0377. We’ll process your application within minutes of receiving the inquiry.
Looking for used car dealerships in Halifax? Contact us!
You can inquire about your trade-in value here, or please call (902) 468-0377 to arrange a test drive or to inquire about extended warranty and vehicle customization. You can also apply for financing for this vehicle here.