Why You Should Buy a Used Car | King Price Insurance

Cars cost more than some houses these days. Seriously… you can buy a literal house for less than the price of a car in South Africa. We’re not talking about a luxury sports car with its own chauffeur and mini chocolate fondue for the passengers, but rather a car that a family would buy. Like those 7 seater cars that people cart their many kids around in.

And it looks like these prices are only going up, which is why people are holding on to their cars for a lot longer. This is also the reason why more people are looking at the brilliant range of used cars on the market instead of new cars.

Here are some really good reasons for this change of heart on the part of many South Africans.

More bang

If you choose second-hand, you immediately stretch your car-buying budget. It makes sense… you’ll likely get “more car” by going for a used model than you could get by looking at a new car in the same price range. While you may not be able to afford this year’s model of the type of car you set your heart on, you could get a model 2 or 3 years older.

Basically, you get more for your money with used cars.

It’s the greener choice

Sustainability is such a buzzword… But you can’t deny that we have a planet and we need to take care of it, which we can do by making more sustainable purchasing decisions.

We’re not going to get too scientific here, but around a quarter of the carbon dioxide emitted by a car over its lifetime is actually produced during the manufacturing and initial transportation phases. In essence, buying a new car comes with the hidden price of a whole host of emissions that deplete our ozone layer.

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Used cars have already gone through these stages, so opt for a used car = a little less environmental impact.

The facts about lower merchant fees

When you buy a new or used vehicle through a dealer, there are fees for this transaction. While these additional fees vary from dealer to dealer, the general rule of thumb is that they are cheaper on a used vehicle than the charges on a new vehicle.

We can’t name all the reasons for this, but mostly it’s because the cost of a used car is lower than a new one.

Lower insurance premiums, more ka-ching for you

In our royal experience, insuring a used car usually costs less than the premium for the same car if it were brand new. Yes, your premiums depend on a variety of factors, like your risk profile and the make and model of your car, but one of those details is the value of the car.

In short, since used cars have a lower value, your premium will be affected and you could pay a lower premium.

These are some pretty good reasons to choose a used car. The choice is yours, however, and new cars come with their own advantages. Whatever you decide, make sure you visit our website and get a no obligation car insurance quote.

We have your back, regardless of whether it is used or ready for immediate use.

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