Archive for the ‘Used Car Buying’ Category

Reasons To Buy Used Cars In Pakistan

Sunday, December 13th, 2009

Pakistan is a developing country, and the sped up growth in every sector needs individuals to have a dynamic life. Having a dynamic life is much easier if you have your own car to move within or across the cities.

Being a student, or at your earlier career level you may not afford a new car.  Or even if you’re a mid career level worker and want to save some money for other long run investment and want to have an edge in car buying, used cars can go great. There may be many other moments when you want to cut some money off from car purchase. Here’s the time when you can make smart choice and buy used car.

Remember that buying used or second hand car never means to buy an antique or outdated car, instead a year or 6 months old car in good condition is also a second hand car and it can work just as a new car for you. Even if it’s a 3 or more year’s old car and the owner has kept it in a good condition, it’ll be the best choice. (more…)

Pros And Cons Of Buying Used Cars

Friday, August 7th, 2009

Buying a car is an investment that every person needs to do. Due to the large investment needed for it, people start looking for used cars as an option to save money. That opens a whole new market, with a lot of options to choose from. Of course, used cars can have some advantages and disadvantage against new cars, so it’s better to know these facts before making a decision :

Pros :

  • Insurance Rates: Used cars are older and usually have lower insurance rates than new cars, even if the brand and model are the same but in a newer version. Depending the car, model and insurance provider, you can save around 20% per year.
  • Depreciation: New cars normally lose most of their value in      the first years of usage. Normally, A car loses around half of its value over the first three years, and another 20%/25% over the next three years. These percentages may vary depending on the car and the model. But, usually that is the reason why Used Cars are not as expensive as the new ones, and Used cars do not lose value as quick as the new ones : because the starting value is already low enough. (more…)