Reducing Expenses When Purchasing Used Cars Florida Dealers Are Offering

Considering the economic difficulties most of us face these days, it has become necessary to look into ways to buy cars in Florida without spending a lot of money. And buying used autos Ft Lauderdale FL dealerships are selling is something a lot of people choose to do. But do you really save money when you purchase used cars?

If you still are trying to decide whether or not to go for used cars, looking at a few pointers can help you make up your mind. First of all - and this is something you may have heard about dozens of times before - brand new cars depreciate about 30 percent in value the very moment you drive them off the dealership. Additionally, most new cars will lose another ten percent during its first year; a total of 40 percent in depreciation in just one year. This means that a 30,000-dollar car will lose as much as $9,000 to $12,000 in value during the first year.

You can do away with that much deprecation by buying a one or two-year old vehicle at your local dealer. With a two or even three-year old car, you can purchase the vehicle; drive it around for another year or so and resell it without losing a lot of money because the car retains much of its value during this time, allowing you to resell at a good price.

This means you do not lose a lot of money and still get to drive around in a car you really like. Many people nowadays also choose to buy used autos Hollywood Florida dealerships offer because - are you sitting down? - used cars are a lot cheaper to insure than brand new ones. You need to understand that car insurance premiums are based on the value of a vehicle. So the higher the value, the more you need to pay to protect the car.

Since used cars have lower costs, it shouldn't cost you a fortune to insure these vehicles. If the used car you consider getting is old enough, you can discuss with your insurance agent about doing away with theft or collision insurance to further cut down on expenses.

There are also websites like Hertz Car Sales that you can gather information from about buying used cars and how doing so saves you money. Another way that buying used cars save you money is they cost less to get registered. Because registrations fees are based on the price of the car, you pay less to register a used car that has a lower sticker price.