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Benefits of a Nearly New Car
02 Oct 2024
If you’ve been browsing for your next car, you have more than likely seen the phrase ‘nearly new’ used to advertise cars. But what is a nearly new car, and what are the benefits of buying one?
We’ve put together a handy guide answering the most commonly asked questions about nearly new cars.
What is a nearly new car?
The automotive industry describes nearly new as cars that are under two years old with less than 20,000 miles on the clock. These cars aren’t brand new, but they offer an alternative for those looking for modern, premium cars while on a budget.
Where do they come from?
Some nearly new cars may have been used as a demonstrator or courtesy car, or even just driven by staff at a showroom. They may also be cars that have just come to the end of a hire or lease term, or sold by owners choosing a different car.
Regardless of the car’s history, buyers are guaranteed to find a range of low mileage vehicles to choose from. If they have been used as a former company or courtesy car, they will have been well-looked-after, maintaining their new pristine condition.
What are the benefits of a nearly new car?
Good value for money
You’re presented with the opportunity to save thousands of pounds on a modern car, often with high specifications, meaning you can get a better car for your budget.
Reduced depreciation
It’s no secret that brand new cars depreciate in value the second they’re driven off the forecourt. By buying nearly new, the original owner will have taken the brunt for the first chunk of depreciation, so you won’t be losing out on as much!
Manufacturer warranty
New cars often come with a three-year warranty, meaning you’ll still have the benefits of that original warranty for at least another year after purchase. It also gives you the peace of mind that if anything does fail, you won’t have to pay up for the repairs.
Can I finance a nearly new car?
The simple answer is yes. Not only are you purchasing a premium car with low mileage at a lower cost, you can also spread that cost across monthly payments to make it even more affordable. Find out more about our finance options.