used Ford Mondeo cars for sale

Clutch Onto Your Pennies? Buying A Used Car

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It seems like a lot of common sense. Buying a second-hand car, or used car, will save you a lot more money. But, of course, we all have concerns with buying a used car, namely the fact is that if we bought something that is an absolute banger, or, to use the proper parlance, a lemon, then we’ve got a problem on our hands. So what are the advantages and disadvantages of buying a used car?

The Pros

Because you lose money on a new car as soon as you get into it and drive off, the biggest depreciation value of that car is between the first two to three years. As a result, you are letting somebody else depreciate the value of the car by buying used. So, if you were to buy a used car now, you would be able to sell it for around the same price a few years from now. This is why you see general older models not losing their value as much. When you look at a classic car like a Ford Mondeo, the used Ford Mondeo cars for sale online don’t depreciate that much. And it’s always worth considering the insurance rates, as they will be lower on a used car. If you are an experienced driver, this won’t amount to much, but if you are a young driver, and you are looking for a car like a Ford Mondeo for a very practical reason, such as starting a family, but you are an inexperienced driver, saving that little bit of money will certainly come in handy. Of course, when you purchase a used car, another advantage is that you can save up the cash to pay. When it comes to doing your research, you can look at the right model for you that’s been performing well.

The Cons

The main disadvantage is that it’s not always going to be as reliable as you think it is. You may need to do additional repairs to it, especially if the previous owner didn’t particularly look after the car or they weren’t a particularly careful driver. But you can purchase a certified pre-owned car through a reputable car company, and it’s worth noting that lots of models, especially the newer ones, don’t need as many repairs. Some cars can go 10 years (or 100,000 miles) without repairs, so if you only plan on having the car for a few years, this would be worth your while.

Should I Buy Used?

The big question in deciding whether to buy new or used is if you can feasibly make the payments. A good rule of thumb, is that you should be able to pay the car off within a 3-year time period. A used car can be a bargain in many ways, but it can also be more than you bargained for, with the amount of repairs that needs fixing. If you can, it’s much better to go and buy a second-hand car through a reputable supplier, but you need to make sure that you do your research, and pick the car that’s right for you.

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