There is no doubt that buying a car is an expensive undertaking. When you consider buying a second hand car, however, the cost can go down slightly. This could be the reason why a new survey by Nielsen Global on automotive demand reveals that Australia represents a large growth opportunity for the automobile industry with about 58% planning on buying a new car or a second hand one in the next two years. While buying a second hand car has proven to be an attractive cheap option, it’s quite risky. It is for this reason that people looking into such kind of purchases are advised to visit their local Brisbane car dealership. This article explores some of the ways that a second hand car purchase option saves you money. Read on.
Low depreciation rate
A common saying when it comes to the sale of cars is that once a new car is driven out of a showroom, it loses thousands of dollars in value. This is in fact true owing to the fact that once you buy a car, and then two years later plan on selling it; you will sell it at a significantly lower price. On the other hand, for used vehicles in Brisbane, while the depreciation cannot be evaded, the difference comes in the rate of depreciation and as a result you will lose less money. Visit http://www.brisbanecityautomotive.com.au/ for more guidance.
Save on Sales tax
It’s not unusual for states to subject new cars to sales taxes. When it comes to second hand cars however, this is not the case. The initial buyers of the car are the ones that will carry the entire burden of these sales taxes by having to purchase the car at a high price. By buying a second hand car at a Brisbane car dealership, you evade these sales tax costs.
Falling registration fees
The registration fee rates are normally based on the value of a car and the year of the model as well. There are states where registration fees for new vehicles are significantly higher in the initial years but as the years progress, the fees level off. If you live in such a state, then it’s worth considering buying a used car to save on the registration fees.