The CDC says cars are better than public transportation during this COVID-19 crisis (1). The Centers for Disease Control sees private cars as a good way to keep people socially distant from one another. Also, this crisis is significantly impacting businesses, many companies were closing permanently, and owners are getting rid of their vehicles. This represents an important opportunity.
Now it is important to know all the offers and compare them before buying a certified used car. A top reason to buy a used car instead of a new one is that there are many options for vehicles to choose from, at very good prices. In this article we will explore these options.
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The crisis
Today tourism is being hit hard, car rental suffers a major crisis, so large companies are selling their units.
CNN (2) delved into what’s going on, noting that even before the economic crisis started, good deals could often be found at major rental agencies, including Hertz, Avis or Enterprise.
These companies generally sell their vehicles after a year or two of service. For example, Enterprise, which also operates the Alamo and National brands, sells one million used cars a year worldwide, according to a spokeswoman.
They often sell these cars online at bargain-free prices and at a significant discount when compared to other used car agencies.
Variety and convenience
As for the options that are available, they are very wide. The sites have very well detailed search engines, you can search by model, brand and year, in addition to other variables.
As you can imagine a used car is much cheaper than a new one. According to an analysis carried out by Banco BBVA (3), a second-hand car can be worth up to half that of a 0km, with four or five years of use.
Another point in favor is that there’s no initial payment and financing alternatives can be found that cover even 100% of the value of the vehicle. Also, the vehicle tax is cheaper.
A new car depreciates very quickly at first, but then the price tends to remain stable.
Auto insurance is cheaper, since the premium is calculated based on the value of the car, so it is cheaper.
Points to consider
Before buying a used car, it is necessary to know what you are looking for. You must determine the model, the brand and even keep in mind: what will it be used for? To travel, to go to work? That is, to establish what is the need.
Another important point is the budget, considering that a new car loses 27% of its value when it leaves the agency; For example, a small car is devalued 20% when leaving an agency, that is, one that can cost $ 10,000 to be second-hand could be around $ 8,000, and even less considering its age.
Any more nformation is never out of the question, so it is important to see some opinions on the internet about the car you aspire to, this is not very difficult since there are many user reviews sites on the net and even video reviews on YouTube.
Recommendations before buying
The Procuraduría Federal del Consumidor de México (4) outlines four important activities that we must do before buying a used car:
-Examine the general condition of the vehicle and drive it, even if it is a short stretch, which is normally done in the company of the owner of the unit.
-Verify that there are no major damages. Take the car to a trusted workshop for a general overhaul. Check for possible fluid leaks that could affect the engine; Observe the smoke coming out of the exhaust, check that there are no blows under the body, especially those that may affect vital parts.
-Check that the serial numbers that appear on the engine, body and chassis match those of the original invoice.
-Verify that the invoice contains the endorsements and signatures of the previous owners.
Sites
There are many used car websites, as demand is the order of the day, both for convenience and good quality supply.
Gossip Vehículo (5) makes an important count on the most popular sites in the United States. These web pages are aimed at those thoughtful and intelligent consumers who do not want to buy a car that is kilometers long, where you can get everything from sedans to all-terrain trucks of the current year.
Some recommended websites are AutoTrader.com, CarsDirect.com, Hemmings.com, Autolist.com, among others. Just do a search to come across different options.
These sites do not skimp on facilities, from significant discounts to the possibility of doing a test drive without many complications.
Beyond the US market, in each country there is a specialized portal in which you can offer and purchase an automotive. In the case of Spain, for example, Clicars.com is the most popular site.
Thus, today having a used car is possible, especially due to the facilities offered by the internet and the cost of second-hand cars, it is a matter of thinking about the options and getting excited.
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References:
1 CDC Says Cars Are Better Than Mass Transit during COVID-19 Crisis.
3 BBVA, ¿Qué es más rentable, carro nuevo o de segunda mano?
4 Coru, Guía para comprar autos usados en México.
5 Gossip Vehículo, Mejores paginas para buscar y comprar autos usados en EEUU.
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