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Buying A Used Car

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When shopping for a car, it's easy to find yourself attracted to the shiny new vehicles that are out there. You might see them on commercials on TV, and you might see them when you drive by the new car dealerships in your area. No matter how appealing a new car might seem, though, buying used can be a better decision. These are four ways that buying a used car can help you save money.

1. Lower Purchase Price

Perhaps the most obvious reason why a used car can save you money is the fact that you can generally enjoy a lower purchase price. Even if you're on a tight vehicle budget, you can probably find a used car that will suit your needs and that you can afford.

Even though you might still end up with a car payment if you choose to finance your used purchase, the payments will probably be cheaper than if you were to purchase a brand new car. Plus, you can …show more content…

Cheaper Insurance

There are actually two reasons why you can often save money on insurance for a used car. For one thing, since the value of a used car is usually much lower than the value of a new one, the cost of insurance is often lower. Plus, if you choose to buy with cash rather than financing your purchase, you can always opt to just pay for liability insurance rather than full coverage.

3. More Affordable Vehicle Registration

In some states, vehicle registration costs are based off of the value of the vehicle that you are registering. If you're registering a brand new car, you might find that your registration costs will be higher due to the higher value of the vehicle. With a used car, though, the registration costs and fees might be lower. This means that you may be able to get the license plate for your car for less by buying used.

4. Cheaper Repairs

Many people don't put much thought into the cost of ownership when buying a vehicle, but maintenance and repairs can take a big chunk out of your budget if you aren't careful. If you buy a used car, however, you might be able to save on these

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