Many motorists will be planning on driving away with a new car now that the new “68” registration plates have been launched. But for lots of people – including younger drivers – second-hand cars are the only choice, as they are often the only cars that those on a tighter budget can afford to run. Buying a used car is a great way to cut costs, as the first owner has taken the hit of initial depreciation. Most new cars lose around 40% of their value in the first year, according to the AA. Picking a model that is a few years old will dramatically slash the upfront cost. But there are risks associated with buying second-hand, so it’s important to take your time, and not rush into anything, even if you’re not spending a fortune. What do you need to think about if you plan on buying a used car? When searching for a set of wheels, it’s not just the initial cost of purchase you need to think about. There are also running costs to consider, as well as the condition and ownership of the vehicle. Alex Buttle from car buying comparison site, Motorway.co.uk , said: “It may… Read full this story
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