5 reasons your mate needn’t brag about that deal he got on his used car
- He doesn’t know it’s a good deal until he sells it: That’s because it’s only then that you know how much depreciation you paid, and hence, how much it actually cost. Anyone bragging the day they bought it is looking at the wrong number.
- Buying a used car outright is a very poor use of savings: Take an example where you buy a car for £15,000, use it for 3 years then sell it for £7,000. Over those 3 years, £8,000 has been locked up in the car, which invested at a 4% return, would have netted £999.
- He’s taking an unnecessary gamble: Owning a car is usually the second most expensive purchase after a home. Used cars, especially those older than 4 years (which is the majority of cars on UK roads) rarely come with any meaningful warranty or maintenance package. If something expensive goes wrong, you’re left with a big repair bill, or a car suddenly worth a lot less. Either way, it comes out of your pocket. Why take the gamble?
- Hassle: The older the car, the more looking after it needs. MOTs start to bring out issues that you’re obliged to fix. Little, but important things will stop working too which either get sorted at great expense, or linger at great annoyance.
- Getting rid of his car will be expensive or annoying, but probably both: You have two choices when getting rid of a car. The easy way with a low price, by for example doing a dealer part exchange or a £0 starting bid auction on eBay. The hard way in search of a higher price but which involves a lot of time dealing with punters who inevitably waste your time, the so called “tyre kicker”.
At Drover we like to guarantee a great deal on used cars with these 3 features:
— 1. A transparent, all-inclusive monthly price:
There’s no waiting for the day you get rid of the car to know you got a great deal because you know exactly what you’re going to pay throughout. Included in the Drover Price is: Comprehensive insurance, all maintenance & servicing, breakdown cover, tax and MOT. Just add fuel!
— 2. Cancel at anytime:
This means needing to swap cars or get rid of a car couldn’t be easier, and it doesn’t cost you anything. With Drover, changing your mind is free!
— 3. A fully digital service and quick delivery:
Subscribe to a car from the comfort of your home without the influence of a well versed, bank emptying salesman’s pitch. Our vehicles are in stock and available for delivery so you won’t be left hanging for sourcing or production delays.
We think once you experience the transparency, flexibility and level of service Drover offers you’ll never want to go back. Thankfully, the rational mathematician in you can agree because comparing apples with apples shows Drover is not only easier, less risky and more flexible than buying a used car, but great value too. Take a look at this offer on a used BMW 5 series on Drover at £729 per month. Below you can see the comparison to what buying a used car from a dealer and using it for two years would cost:
