{"id":25662,"date":"2021-12-24T08:51:04","date_gmt":"2021-12-24T00:51:04","guid":{"rendered":"https:\/\/www.carsome.my\/news\/?p=25662"},"modified":"2021-12-24T08:51:04","modified_gmt":"2021-12-24T00:51:04","slug":"busting-used-car-myths","status":"publish","type":"post","link":"https:\/\/www.carsome.my\/news\/item\/busting-used-car-myths","title":{"rendered":"Think You Know Everything about Cars? We Investigate Some Car Myths"},"content":{"rendered":"

The used car market is an opaque, unfamiliar world to many car buyers. As a result, plenty of urban myths and legends have sprung up around it. While some are based in fact, most are just plain wrong.<\/p>\n

We debunk the most common used car myths here to increase your confidence in buying a used car.<\/p>\n

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Used Cars are Junk\/Unreliable<\/b><\/h2>\n

Yes, there are people that sell their cars because they are too old. But many more people also sell their cars not because they are rotting hulks of metal, but because they may be upgrading to a larger car or downsizing to save costs. Modern cars are designed to run for years, so don\u2019t hesitate to consider a used car that may be a few years old.<\/p>\n

Used Cars are Not as Safe as New Cars<\/b><\/h2>\n

Used cars have all the modern safety features such as side airbags, anti-lock brakes, and stability control. Many of these features are mandated by law to be included in newer cars. Safety has also been a selling point for manufacturers for many years, so unless you\u2019re buying a classic car that\u2019s decades old, you do not have to worry about safety.<\/p>\n

High Mileage Cars are Bad News<\/b><\/h2>\n

While high mileage does equal more wear and tear, it doesn\u2019t mean that you should avoid the car. High mileage may indicate that the owner has done plenty of highway driving, which is much less stressful for the car than city driving. As long as the car is serviced regularly, a high mileage car will not give you issues.<\/p>\n

Used Cars are Poor Value<\/b><\/h2>\n

This is a myth that is flat-out wrong. You may have heard that new cars lose value the minute they\u2019re driven off the lot. If anything, used cars represent great value because the first owner has taken the hit on depreciation, which can be up to 20% in the first year. This drop in value represents a great deal to you as a used car buyer.<\/p>\n

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Prices of Used Cars Vary Wildly<\/b><\/h2>\n

It\u2019s true that depending on year, mileage, and condition, prices do vary between the exact same model of used car. However, with the advent of online used car platforms, consumers are now better informed and used car dealers know this. Thus, there is more incentive to standardize prices. Insurance companies also use a standard pricing based on year and model to calculate the price of insurance premiums.<\/p>\n

Having said that, the COVID-19 pandemic is driving the price of used cars up<\/a><\/span> as demand for driving increases and new car supply is drying up.<\/p>\n

You Can\u2019t Get Financing for Used Cars<\/b><\/h2>\n

When it comes to auto financing, used cars aren\u2019t too different from new cars. Like all loans, finance providers will look at your income and credit score to determine your eligibility for a loan as well as the interest rate.<\/p>\n

Carsome offers financing for Carsome Certified cars through Carsome Capital<\/a><\/span>, easing the financial costs of car ownership with loan tenures of up to nine years and a high financing margin.<\/p>\n

There is No Warranty for Used Cars<\/b><\/h2>\n

This is not necessarily true. New cars come with a typical warranty of five years. If it is sold sooner than that, you can still take advantage of the leftover warranty period.<\/p>\n

Busting Myths When You Make it Carsome<\/b><\/h2>\n

At Carsome, we not only bust the myths, we also pull back the veil for full transparency about every car we sell. All car listings on Carsome are shown with close-up pictures, while selected cars have a 360-degree view for its interior and exterior. Additionally, the full 175-point inspection report is also available to ensure you are able to shop online with peace of mind.<\/p>\n

But Carsome Certified remains the gold standard of all used cars. What\u2019s more, every Carsome Certified car comes with our Carsome Promise, which includes:<\/p>\n