Used Cars Under $5000 in Sanford NC

 Aside from one’s home, the car is the most expensive purchase that one will make in a lifetime. You might already have a car in mind, but you must also consider your finances. And there are instances in which a new car can be an unnecessary expense. Instead, you should consider getting one of the used cars under $5,000 in Sanford NC.
 
While you might find deals on brand new vehicles, it is not just the sticker price that makes buying a new car a waste. Other factors that you need to consider are the other fees, additional costs, and the depreciation rate. These expenses can add up to thousands of dollars over the first couple of years of owning the new car. On the other hand, used cars under $5,000 in Sanford NC can help you keep your money without having to sacrifice quality.
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Less Depreciation, Lower Price

It is common knowledge that new cars lose thousands of dollars the moment you drive it out of the dealer’s lot. And that’s why used cars are considered better bargains. Consider that a new car in 2008 costs around $25,000 before fees and taxes. At present, that same car will be one of the used cars under $5,000 in Sanford NC. You should also keep in mind that a car that’s one or two years old can still depreciate. However, you will lose less money at a slower rate.

 
Sales Tax on New Cars
 
Another reason why you should consider buying a used car is the sales tax on new ones. New cars are subjected to state sales tax, but not used cars. Sales tax on new cars can reach up to thousands of dollars. It is important to do your research on sales taxes before making a decision.
 
Lower Registration Fees
 
Used cars are also subjected to lower annual registration fees, which are based on the car’s model year and value. The rate is highest during the first couple of years and then levels off after. You will be able to save thousands of dollars by avoiding the new car registration fees.
 
If you are looking for used cars under $5,000 in Sanford NC, you should go to JT Auto Mart. They provide you with a wide range of cars to choose from. Some of the notable used cars under $5,000 that you can find in their lot are 2003 Cadillac CTS Sedan, 1999 Lexus RX 300 SUV, 2005 Honda CR-V EX SUV, 2002 Ford Mustang Deluxe Convertible, 2005 Honda Civic Hybrid Sedan, 1998 Ford Ranger XLT Truck, 2006 Mazda 3 Grand Touring Sedan, 2004 Pontiac Vibe Wagon, and a lot more.