Blog
Lend it
Blog
Why buy second hand vehicles?
Why buy second hand vehicles?
February 4th, 2020

In Spain, second-hand vehicle buying and selling operations are becoming more and more common according to 2019 data. According to the National Association of Motor Vehicle and Repair and Spare Vehicle Sellers ( GANVAM) , they were marketed in 2019 about 2.2 million used cars.

Transfers of used vehicles grew by 5.3% according to the dealer's association, Faconauto . Models between 3 and 5 years old are driving the market and vehicles older than 10 years are still the best sellers.

Did you know? 10.85% of the loans are requested for the purchase of used cars and that the fifth part of the budget that goes into a home is destined to vehicles. According to the Ine, it becomes an average of between 5,000 to 7,000 euros per year in everything that the vehicle itself entails such as maintenance, revisions, gasoline, cleaning, taxes, parking ...

Advantages of buying a used vehicle:

The economic savings compared to a new car. The estimate is 40%

Most of the vehicles come from renting, which means adjusted mileage, guaranteed maintenance, revisions, etc ...

Important: As GANVAM reminds us, used vehicles have a guarantee that is included in the regulations of Royal Legislative Decree 1/2007 in which the seller is the one who must respond to said guarantee. In this case, the responsibility is reduced to six months from the delivery of the vehicle.

Remember …

Check and ask about the condition of the tires, if they have made changes to the timing belt, check the doors, fluids, windows, lights, windshield, etc ... However, if mechanical knowledge is scarce, the best thing is take him to a specialist.

On many occasions appearances can be deceiving and it is best to make sure of the condition of the vehicle and check it both inside and out.

The last step before buying the vehicle is the documentation. It is essential that all the papers are in order, original documentation, ITV in order and check if you have any embargo, debt, fine, etc ... At the Traffic Authority they will give you all the necessary information.

Let Classic Loans search for you

We launched the Classic Loans Observatory We launched the Classic Loans Observatory.
Read more
Dream getaways to achieve your inner peace! Dream getaways to achieve your inner peace!
Read more
Adult training: back to the classroom !!! Adult training: back to the classroom !!!
Read more
We go back to school !!! We go back to school !!!
Read more
Bank delinquency: Definition and effects Bank delinquency: Definition and effects
Read more
Tech gadgets for kids Tech gadgets for kids
Read more
Motorcycles: The new alternative to get around Motorcycles: The new alternative to get around
Read more
Bazar classicgardensinc.com SALES !! Bazar classicgardensinc.com SALES !!
Read more
Credit Profile: definition and main rating factors Credit Profile: definition and main rating factors
Read more
Holidays 2020: The new normal in the interior of Spain Holidays 2020: The new normal in the interior of Spain
Read more
Non-mortgage loans: Clarifications on the moratorium on payment of installments due to COVID-19 Non-mortgage loans: Clarifications on the moratorium on payments of installments due to COVID-19
Read more
The most recurrent reasons for requesting a personal loan The most recurring reasons for requesting a personal loan
Read more
Gadgets 2020 to Reach your inner peace Gadgets 2020 to Reach your inner peace
Read more
Role Playing Games or Video Games What do you prefer? Role Playing Games or Video Games What do you prefer?
Read more
Loans for liquidity Loans for liquidity
Read more
Do you know where we spend our medical expenses? Do you know where we spend our medical expenses?
Read more
Why buy second hand vehicles? Why buy second hand vehicles?
Read more
Tips to reform your home in an effective way Tips to reform your home in an effective way
Read more
Unify credits in a single loan Unify credits in a single loan
Read more
Choose your loan and choose your destination ... Choose your loan and choose your destination ...
Read more
Pay it for Black Friday Pay it for Black Friday
Read more
Tips to differentiate loans and credits Tips to differentiate loans and credits
Read more
The reform of your home through Feng Shui The reform of your home through Feng Shui
Read more
I left home with a smile on, our iPhone 11 PRO review I left home with a smile on, our iPhone 11 PRO review
Read more
Keys to choose a new vehicle Keys to choose a new vehicle
Read more
Welcome to Classic Loans Welcome to Classic Loans
Read more
About us? About us?
Read more
We launched the Classic Loans Observatory We launched the Classic Loans Observatory.
Read more
Dream getaways to achieve your inner peace! Dream getaways to achieve your inner peace!
Read more
Adult training: back to the classroom !!! Adult training: back to the classroom !!!
Read more
We go back to school !!! We go back to school !!!
Read more
Bank delinquency: Definition and effects Bank delinquency: Definition and effects
Read more
Tech gadgets for kids Tech gadgets for kids
Read more
Motorcycles: The new alternative to get around Motorcycles: The new alternative to get around
Read more
Bazar classicgardensinc.com SALES !! Bazar classicgardensinc.com SALES !!
Read more
Credit Profile: definition and main rating factors Credit Profile: definition and main rating factors
Read more
Holidays 2020: The new normal in the interior of Spain Holidays 2020: The new normal in the interior of Spain
Read more
Non-mortgage loans: Clarifications on the moratorium on payment of installments due to COVID-19 Non-mortgage loans: Clarifications on the moratorium on payments of installments due to COVID-19
Read more
The most recurrent reasons for requesting a personal loan The most recurring reasons for requesting a personal loan
Read more
Gadgets 2020 to Reach your inner peace Gadgets 2020 to Reach your inner peace
Read more
Role Playing Games or Video Games What do you prefer? Role Playing Games or Video Games What do you prefer?
Read more
Loans for liquidity Loans for liquidity
Read more
Do you know where we spend our medical expenses? Do you know where we spend our medical expenses?
Read more
Why buy second hand vehicles? Why buy second hand vehicles?
Read more
Tips to reform your home in an effective way Tips to reform your home in an effective way
Read more
Unify credits in a single loan Unify credits in a single loan
Read more
Choose your loan and choose your destination ... Choose your loan and choose your destination ...
Read more
Pay it for Black Friday Pay it for Black Friday
Read more
Tips to differentiate loans and credits Tips to differentiate loans and credits
Read more
The reform of your home through Feng Shui The reform of your home through Feng Shui
Read more
I left home with a smile on, our iPhone 11 PRO review I left home with a smile on, our iPhone 11 PRO review
Read more
Keys to choose a new vehicle Keys to choose a new vehicle
Read more
Welcome to Classic Loans Welcome to Classic Loans
Read more
About us? About us?
Read more
TRUST US
en