Q:

What are the benefits of buying used sport utility vehicles?

A:

Quick Answer

Some advantages of buying a used sport utility vehicle include a lower purchase price, less risk of depreciation, cheaper insurance and reduced registration fees. Also, a used car may contain some features that are not available in new cars.

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Full Answer

Used cars generally cost less money than new cars. This could allow the buyer to purchase a better model or even a higher-end vehicle. A car depreciates by 40 percent of its original value in the first year, so a used car depreciates much less steeply than a new car does. Insurance is generally cheaper for a used car, due to the car being worth less money. Most used cars also don't require as stringent insurance policies. Registration fees are directly linked to a vehicle's purchase price, so by purchasing used the owner also saves money on these fees.

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