When most individuals think about buying a used BMW vehicle, they automatically picture everything that can go wrong. From getting a clunker to paying way too much, there’s a lot that can be scary about this whole used car buying process. However, there are actually a great deal of benefits that come from buying a used BMW car. Check out some of them below:
1. Avoid Depreciation
It’s often said that once a new car is taken off the lot, its value decreases right then and there. In fact, in the first two years of owning a new car, it can lose roughly 30% of its true value. If you then decide to sell your BMW vehicle a couple years later, you are going to miss out on a lot more cash in the re-sale process than if you had just originally bought a used BMW car. If you want to avoid this major depreciation, it’s best to just stick with purchasing used vehicles.
2. Save Money on the Vehicle
If you take a look at BMW price list in Singapore, it is quite clear that a brand new car costs more than buying a used car. However, there isn’t much of a difference in the quality and efficiency of those new vehicles compared to ones that are two years old. If you opt for purchasing a brand new car, you are practically paying 30% more than you need too. That is a huge mark-up for barely any difference or upgrade. If you want to save even more money, you can decide to purchase an even older car that has more miles raked up on it. These types of cars tend to drive just fine and will even last for a couple of years, while only costing a few hundred bucks.
3. Save Money on Insurance
If you purchase a used vehicle with many years under its belt, you can save a good amount of money on car insurance by getting strictly the state mandated minimum coverage. However, if you find that the car you’re thinking of buying is barely worth the premium of your insurance, chances are there is no point in choosing a comprehensive insurance plan.
4. Bigger Selection
Since used cars are less expensive than brand new cars, the selection of models to pick from is greatly widened. Instead of only being able to pick from the current group or last year’s model, you can now choose from much more used BMW vehicles. Now, the thought of owning a BMW car doesn’t have to be a dream. It can be a reality. Late models can be affordable without there having to be anything wrong with it. In fact, you can find BMW used cars in Singapore and other Asian countries that only cost a few thousand dollars. You are getting the name and quality of a BMW car without that hefty price tag.
5. Great Deals
When you purchase a used BMW vehicle, you are much more likely to land yourself a great deal. As mentioned, when a vehicle is used in any capacity it will automatically cost less than a brand new vehicle. That’s why sometimes you can locate an older car that still has low mileage. There are many individuals out there who only use their car to run local errands and in those cases, the car will still be in great shape even further down the road. The quality is not comprised at all even though the cost of the used BMW vehicle is ridiculously low.