used cars

used cars

Are Used Cars Better For The Environment Than New Ones?

Eco-friendly driving is a scorching topic right now. You’re all aware of the effects that driving a car has on the environment. Billions of people get in a car every single day and generate lots of carbon emissions. 

Consequently, there’s been a massive influx in people who want to reduce the environmental impact of driving. Many ideas and suggestions have been made, but one of the most contentious ones is whether or not buying used cars is better for the environment than buying new ones. 

Already, you can probably see a few debatable points forming! So, let’s take a look at some of the key arguments to figure out the answer to this question.

Reducing car waste

The main argument in favour of buying used cars is that you reduce a lot of car waste. If you take a look at a company like Davies Car Sales, you’ll see hundreds of used cars available for people to buy. What would happen to all of these cars if everyone bought brand new ones every time? They’d end up getting turned into scrap metal. Granted, some of the parts could be recycled, but the majority would end up as waste, and the emissions released when disposing of them would be terrible. 

Buying a used car basically means you’re recycling a vehicle and using it again. In many ways, this is a compelling argument that makes a lot of sense. 

New eco-friendly technology

On the flip side, people argue that buying new cars can be better as they contain newer technology. Modern cars are being made with exciting new technologies that reduce fuel consumption like never before. Just look at some of the best electric vehicles on the market right now. You’d struggle to find cars on the used market with this sort of technology, meaning you miss out on a vehicle that releases zero emissions and is more eco-friendly. 

As such, you can see why people argue that buying a new car is better for the environment!

It’s the driver that matters

There’s also the argument that neither option is particularly better than the other. If we all bought used cars, then we would reduce waste and slow down new car production, lowering carbon emissions. However, if we bought new cars, we’d have access to better technology that makes the car use less fuel. But, neither option matters if you’re driving badly. 

You can get a used car and end up spurting out so much CO2 because of your driving habits. The same goes for someone with a new car – you can take terrible care of it, meaning you have to keep buying a new car every few years, which is bad for the environment. If you focused on learning how to be fuel-efficient when you drive and taking better care of your vehicles, then it doesn’t matter if you buy new or used.

Ultimately, that’s the answer to the question. Both new and used cars can be better for the environment than the other. However, it all depends on how you drive them and how well you look after them. That’s the main thing to focus on if you want to save the environment while driving. 



 

Hidden Car Ownership Costs: 5 Frequently Asked Questions About Car Depreciation

When you purchase a new car, it can lose approximately 10 percent of the original value within the first month of ownership. Cars will continue to depreciate at a rate of about 10 percent per year. This means that your car could lose about 50 percent of the original value within five years. Depreciation rates of cars should be something you are aware of when deciding to buy a car. Understanding some of the basics can help you spend your money in the most efficient way possible.

What is Depreciation?

As newer and better technologies are developed, older models of certain items become less valuable. This is the case with most cars because car companies are always working on the next model. The next model will have some sort of new feature or technology that will make the car better. While many cars will operate similarly, this model of continuous improvement is what leads to the depreciation of cars.

As a car owner, you always have the decision in front of you to continue to own a car that is losing value or sell that car to upgrade to something newer. There are advantages to keeping cars once they are paid off, but there can also be advantages to selling and upgrading. When looking to sell your car, it is advantageous to work with a company that specializes in selling high-end cars rather than going it alone. A company like We Buy Exotics is a good example of a business that can help you get top dollar for your car. Visit their website at WeBuyExotics.com to learn more about their services.

What Else Affects the Value of My Car?

Luxury cars tend to hold their value better over time. This happens because luxury car companies have built positive reputations among customers. Luxury cars are also more sought after due to the prestige that comes with owning one. How in demand a car is can also affect the value down the road. If SUVs are more in demand at the time, they will hold their value better. Cars that are fully loaded with features will also hold their value better because those features are more in demand by buyers. You might also be wondering, “Where can I find out how much my car has depreciated?” This is a great question that is worth exploring. Many car depreciation calculators can be found online to get a solid estimate.

How do I Reduce the Depreciation of my Car?

The overall usage of your car will be a huge factor in the rate it depreciates at. If you can manage to limit your driving to 10,000 miles per year or less, your car will depreciate more slowly. Cars need routine maintenance and long term maintenance. Keeping up with changing the oil, rotating the tires, replacing the brakes, and other maintenance items will help the car retain more value over time. Another factor to consider is the safety features that your car comes with. Cars with better safety features tend to hold their value better over five years.

A question that might be running through your head is, “isn’t there some way to avoid car depreciation altogether?” There really isn’t a way to avoid depreciation, but you can consider buying a used car that has low miles and is in good shape overall. Cars come with maintenance records now, so finding a car that has been properly maintained is a way to limit depreciation. Buying a car that is “like new” could be the route to take.