E revo 2.0 body12/28/2023 InsuranceĬhecking insurance is a great way to know its value. The safest way is to find a professional mechanic to help you check. Especially the parts of the vehicle that are damaged, distorted, or have signs of traffic accidents. You have to see if the paint layer has been scratched or not. Let’s inspect the interior, exterior, engine, or wheels carefully. However, there are also areas where this fee is charged based on the vehicle's weight or capacity.Įven if it's a used car, choose one that is still in good condition and worth your money. In some areas, the registration fee for a new car will be more expensive than an old one. The registration fee will be changeable and based on where you live. Obviously, the insurance fee you have to pay for it will be cheaper. A used car will be deducted and has a lower market value than a new vehicle. This fee varies based on the market price of that vehicle. Insurance for a new car in the Philippines ranges from ₱8,000 - ₱30,000 per year. You can even use the money you save from purchasing a secondhand car to invest and make a profit. You can have many better selections or find better equipped cars. However, things will be different if you use that budget on used ones. Especially if you have a tight budget, there won't be too many options. ![]() Investment in new cars will cost you a lot of money. You don't need to pay a depreciation fee or very little if so. This is a great reason to choose used cars. Even though they are all durable.Īccording to many users, car depreciation can reach 50% after 3 years of operation. This means that most products depreciate remarkably. Manufacturers launch new cars models to the market continuously. Before diving into our extensive listing, here are the top, most-searched-for vehicles listed on our site, plus some tips on how to choose your ideal second-hand car wisely. Older models especially have fewer features likely to break down or malfunction.Īt, you can find numerous listings for pre-owned cars, murang sasakyan for sale spanning all major brands here in the Philippines, and even a number of good deals on vintage cars. By the fourth or fifth year, a used car loses its value at a comparatively slower rate, having already passed those major depreciation milestones.Īlso, pre-owned cars tend to have lower insurance premiums. Over the first 12 months of ownership, this rate increases to more than 20%. The moment you drive a new vehicle off the dealership, it has already depreciated by at least 10%. Note that a brand-new vehicle is more prone to depreciation than used cars. Regardless of make and model, most of these pre-owned vehicles tend to have a significantly more affordable price tag, some being almost 60% cheaper than their brand-new counterparts. ![]() There are many advantages to buying a second-hand vehicle , with most of those benefits relating to cost.
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