Health insurance, electricity, rent, house: everything is getting more expensive – 11 tips on how to save money with a used car

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Many tenants had to accept the rent increase. The price of electricity is rising, and new health insurance premiums in October will likely wreak havoc on many people’s budgets. Also, everyday products are becoming much more expensive. The sum of basic foods and toiletries sometimes exceeds 10 percent. In short, the cost of living is increasing. The question is: where can you save?

Housing costs, insurance, housing expenses, taxes and mobility are fixed costs that can only be partially saved. Anyone who owns a car can expect an average total cost of around 900 francs per month. But there is savings potential here. For example, with a used car.

Second-hand car prices averaged 28,500 francs in the first quarter of 2023. Of course, it depends on the make, model and mileage. On average, new cars in Switzerland cost around 59,500 francs. Anyone who buys second-hand can save a lot of money, especially when it comes to mobility. This will save you money and even allow you to purchase a car that would normally exceed your financial capacity. The price advantage makes well-equipped cars affordable.

Since used cars cost less than new cars, the monthly interest rate on financing or leasing is also lower. Since increasing interest rates affect consumer loans and leasing, it is useful to pay attention to leasing interest rates. New car dealers advertise discount offers and low leasing interest rates. They can offer these because the profit margin is high. However, the high depreciation that must be paid must also be taken into account. Online store for cars Farie currently offers rental at 3.99 percent interest, which could mean cost savings of several thousand francs. Even for the cheapest car, the difference reaches 700 francs.

With external financing, you take on the debt burden for the agreed period. Monthly costs can be calculated and financial liquidity is maintained. Instead of an investment of tens of thousands of francs, a deposit and regular installments must be paid. Savings remain in the account.

In Switzerland, households spend on average 7.5 to 10 percent of their budget on mobility, depending on the data. According to TCS, the total cost of a mid-range car is a good 900 francs per month. This includes fixed costs such as purchase, depreciation, taxes and insurance, as well as flexible costs such as maintenance, service, tires and fuel.

If a new car rolls from the dealer’s yard onto the street, its value loss can be up to 30 percent. Three years later the vehicle is still worth half its list price. On a used car, this initial depreciation has already occurred, meaning you lose less money.

There are many brand and model options in the second-hand car market. It is also possible to find many best-selling products from VW, Audi and Skoda as second-hand cars with only a few kilometers left.

The automotive industry has had a hard time. Buyers sometimes had to wait more than a year for their new cars. The reason: disrupted supply chains and missing components due to the pandemic and the war in Ukraine. Demand for second-hand cars has increased. Because they can be used very quickly. This has not changed today. In Farie the vehicle is delivered or delivered within three to maximum ten days.

The car already has a few miles on it. However, tested second-hand vehicles are sold with a warranty and have a service history. At Farie, vehicles undergo a standard 310-point inspection. Since the models have been on the market for a long time, there is also good information about their reliability. If you trust proven tools, you can enjoy the car for a long time.

A variety of accessories and spare parts are available for many used car models. This makes repairs or adjustments easier and sometimes cheaper.

If you look closely at a used car, you can see how it is used every day. Farie shows the wear marks on each vehicle in detail and points out them with photographs. Scratches on the rim, small dents, marks on the interior trim: everything is documented. Every new sign of wear on a new car is annoying. It also reduces the damage value even further.

New cars are generally more expensive to insure than used cars. The premium also depends on the value and age of the vehicle. Here the used one turns out better.

For most people, a car is indispensable. According to the 2021 Traffic Microcensus of the Federal Statistical Office, we travel an average of 20 kilometers per day. Buying a used car can be environmentally beneficial as it saves the resources and energy required to produce a new car.

With online shopping, our consumer behavior has changed greatly: we can search and buy products at any time of the day. We are used to fast delivery. And send back those that don’t fit. Online car store Farie offers this experience. Search for the car you want online, order it and get it delivered. If desired, the old car can be taken away immediately. Without having to configure the car first. Without long delivery times. Without tedious price haggling or shopping between dealers. If the vehicle does not fit, you can return your vehicle to Farie free of charge, thanks to the 14-day money-back guarantee.

Source: Blick