Used cars have a range of benefits over their brand new counterparts. Perhaps the biggest benefit is that used cars are typically more affordable than brand new vehicles, so you can save a lot of money by purchasing a used car…that's assuming you're happy with the fact that used car prices usually come with a degree of depreciation! You can often find used cars that have hardly been driven which means they haven't depreciated as much as other used vehicles. As previously mentioned, used cars will often come with some form of warranty or guarantee which is not always offered by dealers on brand new models.

When it comes to used luxury cars, prices can be very expensive indeed, but used car prices do range from the ordinary to the exotic. If you're looking for used cars under $5,000, then there's plenty of used vehicles available that offer excellent value for money.

Another benefit of used cars is that they don't require as much fuel as brand new models because used cars are not subjected to emissions tests and so can run at their optimum efficiency levels. This makes used cars more economical than new ones so your fuel costs should be less over time...but it will take some time before you start enjoying these benefits yourself!

Why used cars are so expensive?

Used cars are usually more expensive than brand new cars because most used car owners will maintain their used car to ensure the used car's condition is as close as possible to new. People want a used car that looks good and works well so they pay more for such a used car. A combination of high demand and low supply means used cars can be very costly indeed, especially if the model becomes rarer over time, which also happens due to many people wanting it!

Brand new cars lose value rapidly in comparison with used cars, and after just one year of owning a brand new car its value may have dropped by up around 15%. After three years that same brand new car could end up being worth around a third of its original value. This depreciation is one reason used cars are more expensive as they have maintained most of their value.

There are other reasons used cars are more expensive than new cars, such as the fact that used cars tend to come with warranties and guarantees that new cars do not have. The used car market is also much bigger than the new car market, so dealerships will be able to offer a wider range of prices for used cars. Finally, demand for used luxury cars is higher than ever before, meaning these models can sell for a lot more money than their cheaper counterparts.

Ultimately, there are many factors that contribute to why used cars are so expensive and it's unlikely the cost of used cars will go down any time soon. If you're in the market for a used car, it's important to do your research and find the best deal possible!