For Company Car, is a used car worth it? Yes, Definitely

When purchasing a car, not only private individuals but also companies ask themselves whether a used car or a new car is worth it. In order to make the right decision, you should ask the following questions:

How much money can you invest?

How old should the used car be so that it is still worthwhile for a company? This question primarily concerns the maintenance and investment costs incurred. What purpose is the vehicle needed for? Should the used car only be used to run errands for the company, or should the car also serve as a prestige object?

The advantages of a used car

A used car can definitely have some advantages over a new car. In fact, if you buy your used car from a reputable dealer such as LA City Cars, you are assured of certifications and inspections and warranties. 

Depending on the model, the insurance premium can be significantly lower than for a new car. A new car does not yet have a history, which means that it is always difficult for an insurance company to estimate how many accidents will occur with this type of vehicle and what costs will be associated with them. For this reason, the premiums are set higher.

A used car is worthwhile for a company if it is of a certain age or has a certain mileage. LA City Cars sales people are skilled in clarifying any question you might have. In the case of most used cars, important parts such as the alternator, timing belt, and water pump have already been replaced, so you can save on these costs.

A big advantage of a used car is that it is significantly cheaper. This means that, as a company, you do not have to invest too much, or you can do without a new loan. With a used car, you can turn to a cheaper “independent repair shop”.

Depending on the age and value of the car, you may be able to forgo fully comprehensive insurance with a used car.

Whether a used car is worthwhile for the company can only be decided individually. To answer this question, all the advantages and disadvantages should be weighed up.

The acquisition costs should be added together with ongoing costs such as insurance, inspection costs, etc.You can then compare these costs with the investment costs of a new car.