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There are many benefits of buying used cars. One of the benefits is that used cars are typically cheaper than new cars. Another benefit is that you can save money on insurance by buying a vehicle that has already been insured for at least one year.

While there are benefits to buying used cars, it’s also important to keep in mind some potential drawbacks. For example, your car may not last as long when you buy it.

Benefits of buying used cars

One common benefit is that used cars are typically cheaper than new cars. If you consider the benefits of buying a pre-owned vehicle, price should definitely be on your list. You can probably pick up a great second-hand car for half the price of a new version.

Another benefit is that you can save money on insurance by buying a vehicle that has already been insured for at least one year. Many people will take out an insurance policy when they first purchase their used car, but switching to comprehensive or third-party fire and theft cover could mean substantial savings every month.

1. THEY COST LESS

You already know this. Used cars are exponentially more affordable than buying a new vehicle. So if you’re looking to save a few thousand, search your preferred model for a few years back.​

2. THEY’VE ALREADY BEEN DEPRECIATED

If you landed a deal on a car that was previously owned, it means someone else already took the depreciation hit for you. As we know, new cars depreciate quickly and heavily in the first few years of ownership, dropping 60% or more off its value in some cases.

If the car you bought cost $5,000 but was previously owned for a year or two, it wouldn’t have taken much of a hit at all. That means more savings for you!

3. THEY’RE LESS RISKY

Insurance companies are beginning to realize that used cars are less of a liability than new ones. As such, most companies will offer lower premiums for used cars with fewer miles on them. That’s not to say you can buy an old clunker and get away with low insurance costs, but there is certainly some truth in the idea that buying second hand can save you money.

4. THEY’RE USED

That means you can take them out for a drive to the lake, park them in the garage outside your house, or cruise around town without having to worry about losing thousands of dollars. Obviously, if they break down after only two days of ownership there is no advantage whatsoever, but otherwise enjoy!

5. THEY’RE MORE AFFORDABLE TO MAINTAIN

As already mentioned, used cars have fewer miles on them and require less upkeep than their new counterparts. Also, the high mileage is usually the culprit behind a car breaking down (or at least leading to more issues). When you buy a used car there is no need to worry that the engine could give out after only a year or two of driving because that rarely happens.

6. THEY’RE MORE ATTRACTIVE TO SELLERS

Think about it: you want to sell your car, so you list it online for sale and wait for buyers to come flocking. If you check out some listings, you might notice that the buyers tend to favor used cars over new ones.

Why? Because they know that once they drive a car for a year or two and sell it, they will be able to get more money than if they had purchased it in the first place.

7. AVOID HIDDEN FEES

The benefits of buying used cars don’t stop at the actual price tag. People may try to get you with hidden fees such as delivery costs, registration, and documentation fees. Don’t fall for it! You will be better off if you buy used cars from a trustworthy dealer because they should only charge the car’s price and then taxes.

WHAT ARE THE DOWNSIDES OF BUYING USED CARS?

1. THEY HAVE HIGH MILEAGE

While high mileage is not a problem in itself, it can lead to issues such as electrical problems and engine damage (among others). If the previous owner was quite lax with car maintenance, you could be in trouble.

2. THEIR PRICE IS NOT VISIBLE

It might not help you avoid hidden price points, so make sure to do your research and ask all the necessary questions before making a purchase!

3. THEY ARE SENSIBLY MORE UNSAFE

The big problem with buying used cars is that they can be easily unsafe. If the car was driven by a smoker, for example, they left their cigarette butts all over the floor and now you could be at risk of fire (or some other problem).

Another possible issue is skid marks: sometimes people buy used cars and try to drive them as if they were new. This can lead to them skidding on wet or snowy roads and totaling their vehicle.

4. THEY ARE HARDER TO FIND

It takes more time to find a used car than it does to buy a new one, so make sure you have the necessary time set aside! Also, if you are buying used cars from some distant location, figure out the necessary budget for extra travel expenses.

5. IT CAN BE HARD TO GET A GOOD DEAL

Every one of us wishes to own a car. It is even more exciting if that car comes within our budget and serves our purpose well. We all get crazy when we get calls from unknown numbers just because we think it might be some company calling us with the latest budget cars in the market.

Well, we won't go into any advertisements about budget cars in this blog post. We will just go ahead with the budget cars available in Nepal.

Here are some budget cars that you can buy without having to worry about anything because these budget cars come at an affordable price tag.

1. Suzuki Alto 800 Nepal

Suzuki Alto 800 car is one of the best budget cars in Nepal. It comes with an 800cc petrol engine that can produce up to 30 bhp power. Power is transferred to the front wheels via a manual transmission. This budget car also has independent suspensions for both the axles and drum brakes at the rear wheels, while there are disc brakes in the front.

2. Suzuki Maruti Omni Nepal

Maruti Omni budget car is also another budget car in Nepal which comes with an 800cc petrol engine. This budget car has got the power of 25 HP and has got 4 gears for gear shifting. Since this budget car is manufactured by Maruti Suzuki Company, you can rely on its quality.

3. Hyundai Eon Nepal

Hyundai Eon is one of the budget cars in Nepal which comes with an ergonomic design, easy-to-handle features, and a fuel-efficient engine. This budget car can produce power up to 55 bhp at 5500 rpm and torque of 6.5 km at 3200 rpm. Power is transmitted via manual transmission while there are drum brakes at both the front and rear wheels.

4. Tata Nano Nepal

Tata Nano budget car is one of the budget cars in Nepal which comes with a 624cc petrol engine that produces power up to 33 bhp at 5500 rpm and torque of 4 km at 3500 rpm. This budget car also comes with a front disc and rear drum brakes. This budget car can run at a maximum speed of around 115 km/hr and has got a fuel tank capacity of 35 liters.

5. Tata Indica eV2 DLS

One of the best budget cars in Nepal, Tata Indica, is a premium car that comes with an engine producing power up to 90 bhp and torque of 14.5 km @ 2500 rpm. Transmission for this car has got 5 gears and 2 pedals: accelerator and brake. Being a hatchback, this car has got boot space of 283 liters while there are 60:40 split rear seats that can be folded into the floor.

6. Honda Civic eSP (JDM)

Honda is one of the best cars in Nepal and one of the best budget cars in Nepal. This top model comes with a D16Z6 VTEC engine producing power up to 98 bhp while torque is of 10.8 km @ 6200 rpm. Transmission for this car has got 5 gears while there are front discs and rear drums. This budget car can run at a maximum speed of around 165 km/hr with a fuel tank capacity of 40 liters.

7. Honda Mobilio RS

Honda Mobilio is one of the best cars in Nepal and one of the top budget cars in Nepal. This premium model comes with an engine producing power up to 100 BHP and torque of 17 km @ 3500 rpm. Transmission for this car has got 5 gears while there are front discs and rear drums. Since it's a 7 seater, you can comfortably seat up to 7 people.

8. Mahindra Scorpio Getaway

Mahindra is another car manufacturing company in Nepal that produces multiple budget cars. One of the best budget cars from their line-up is the Mahindra Scorpio Getaway which comes with a 2.2-liter diesel engine producing power up to 74 bhp and torque of 190 Nm.

The transmission for this car is a 5-speed manual gearbox while there are rear drum brakes and power steering. This car can run at a maximum speed of around 170 km/hr with a fuel tank capacity of 75 liters.

9. Maruti Suzuki Alto K10

Maruti Suzuki, which is one of the best cars in Nepal, brings the cheapest car in the world - Maruti Suzuki Alto K10. This small car is powered by a 624cc engine producing power up to 37 bhp and torque of 4 km @ 3500 rpm. There are front disc brakes while transmission for this budget car has got 4 gears. Since it's a hatchback, you will get a spacious boot space while 60:40 split rear seats can be folded into the floor.

10. Tata Nano Twist XT

Tata Nano Twist XT is another budget car from Tata Motors in Nepal, and this small compact car comes with a petrol engine producing power up to 55 bhp and torque of 6.5 km @ 2500 rpm. The Tata Nano Twist XT engine is a 624cc engine producing power up to 37 bhp and torque of 4 km @ 3500 rpm.

Transmission for this unit has got 5 gears while there are front disc and rear drums brakes. This small car can run at a maximum speed of around 115 km/hr with a fuel tank capacity of 35 liters.

11. Tata Manza Club Class

Manza is another small car manufactured by Tata Motors in Nepal which comes with a 624cc engine producing power up to 37 bhp and torque of 4 km @ 3500 rpm. Transmission for this budget car has got 5 gears while there are front disc and rear drums brakes.

This budget car is such a great car that it has got 60:40 split rear seats that can be folded into the floor. This small car can run at a top speed of around 115 km/hr with a fuel tank capacity of 35 liters.

12. Mahindra Gusto

Mahindra's other budget car in Nepal is Gusto which comes with a P350 engine producing power up to 18 bhp and torque of 3 km @ 3500 rpm. Transmission for this small car has got 4 gears while there are front disc and rear drums brakes. This small compact car can run at a maximum speed of around 100 km/hr with a fuel tank capacity of 30 liters.

13. Mahindra Verito Vibe

Another budget car is the Verito Vibe which comes with a petrol engine producing power up to 55 bhp and torque of 6.5 km @ 2500 rpm. This unit also has got 5 gears while there are front disc and rear drums brakes. This 2 door premium compact car can run at a maximum speed of around 95 km/hr with a fuel tank capacity of 50 liters.

These budget cars in Nepal come with the safety features like ABS, airbags, and traction control systems to help you stay safe on roads. In addition, all these budget cars come with a driver-side airbag.

The best budget cars in Nepal are the Suzuki Alto, Maruti Omni, Hyundai Eon, Tata Nano and Tata Sumo. These budget cars in Nepal have all the features that one will need to feel comfortable while commuting in a budget car. All these budget cars come with necessary safety features like ABS, airbags, and traction control systems. In addition, all these budget cars come with a driver-side airbag and provide power steering, making it easy to drive budget cars in Nepal.

All budget cars mentioned above come with different engine options, number of doors and can be modified according to one's needs and requirements. The budget price range for all these budget cars is somewhere between NRs. 2,50,000 to NRs. 5,00,000, which makes budget cars in Nepal more budget-friendly.

Everyone loves a good car and in the U.S., we spend an average of $300/month on our vehicles (that’s including cars, motorcycles, SUVs, and trucks).

First cars should be cheap to run and easy to drive, but that doesn’t mean boring. This list of best first cars will help you find an ideal first car if you’ve just passed your driving test.

1. VW Polo

The VW Polo is the ideal first car. Fitted with a 1.0-liter, 80hp engine it should be cheap to insure. It’s not the most exciting car to look at but it has a well-built interior with plenty of easy-to-use techs. Step up to an SE model and you get a range of safety kits to give you that extra peace of mind.

2. Peugeot 208

The Peugeot 208 is a superb first car. It comes with generous levels of equipment and cheap-to-run economical engines. You might find the infotainment system a bit tricky to get used to.

3. Vauxhall Corsa

The Vauxhall Corsa has been one of the biggest sellers for years, and first drivers will account for a big chunk of that, as it is cheap to buy and run and easy to drive. This latest version even looks cool as well. It’s a bit cramped in the back, however.

4. Ford Fiesta

Everyone loves a good car and in the U.S., we spend an average of $300/month on our vehicles (that’s including cars, motorcycles, SUVs, and trucks). But if we were to invest that money in something else, what can we get? This list compiles 10 car brands with their pros and cons so you can decide if the car you own is really good for you.

No matter what your budget, there is a car brand out there for you. But how can you be sure that the car will suit all of your needs? Our ultimate guide has everything from pros and cons to price ranges so that it’s easy to find something in line with both style preferences and personal finances.

Here’s a rundown of 10 car brands with their pros and cons:

1. Audi

Audi is a German car manufacturer known for its luxurious and high-performance vehicles, with headquarters in Bavaria.

Pros –  Luxury vehicle, sleek design, performance-oriented

Cons –  Expensive repair costs, limited storage space due to engine placement, not very fuel-efficient

2. Mazda

Mazda is a global leader in the auto industry. In 2015, they produced 1.5 million vehicles for worldwide sales from their various plants around the world including Japan and other countries.

Pros –  Dependable, good handling, safe

Cons –  Poor gas mileage, unimpressive acceleration speed, low towing capacity

3. Honda

The Honda Motor Company, Ltd. is a Japanese public multinational conglomerate manufacturer of automobiles, motorcycles, and power equipment headquartered in Minato Tokyo Japan.

Pros –  Good on gas, capable of towing heavy loads with its V6 engine

Cons –  Lack of legroom in the backseat, difficult to park because of its size

4. Lexus

Lexus, a luxury division of Toyota, is the #1 brand in Japan and ranks among the top 10 global brands.

Lexus is an internationally popular Japanese car brand with a reputation for luxury and comfort.

Pros –  Elegant exterior design, good acceleration speed

Cons –  Bulky size makes it very hard to turn especially around tight corners, pricey maintenance costs

5. Chevrolet (aka Chevy)

Chevrolet is a famous American automobile manufacturer that was founded in 1911.

Chevrolet, formally known as the Chevrolet Division of General Motors Company or simply GM Chevy for short, is an American automobile company.

Pros –  Cheap to maintain, good resale value

Cons –  Not a very fuel-efficient vehicle, not a lot of bells and whistles

6. Nissan

One of Japan’s largest companies, Nissan Motor Co., Ltd. is headquartered in Nishi-ku, Yokohama, and has been involved in the car industry since 1933 when it produced its first automobile under the Datsun brand name.

In 2016 they sold a total number of 4 million units across their three brands: Nissan, Infiniti, and Datsun which makes them one of the biggest automotive manufactures worldwide!

Pros –  Good for people who want to automate their car, low maintenance costs

Cons –  Fuel efficiency is mediocre at best, engine noise is very loud when accelerating from a stop

7. Volkswagen (VW)

Volkswagen, known internationally as the Volkswagen Group, is a German multinational automotive manufacturing corporation headquartered in Wolfsburg.

The company was founded on 28 May 1937 by the German Labour Front (Deutsche Arbeitsfront) and called for its first car to be made specifically for workers; it has an auto-producing history that dates back decades.

Pros –  Great handling, low fuel and maintenance costs

Cons –  Very limited legroom in the backseat especially for taller people.

8. Kia

Kia Motors is a South Korean multinational automobile manufacturer headquartered in Seoul. It’s the second-largest car company after Hyundai, selling more than 2 million cars every year.

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Pros –  Least expensive car on the market

Cons –  Build quality is questionable, interior design can be improved

9. Toyota

Toyota is an international car brands company that has been in the industry for over half a century but only entered the US market in 1968.

The pros of Toyota cars include their durability, affordability, and reliability that make them a great choice for people looking for value.

Cons of Toyota cars include the lack of horsepower, bulky size, and the higher than average maintenance costs.

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10. BMW

BMW is one of the world’s leading luxury car brands operating under two separate brands: BMW & Mini.

Pros of BMW cars include their luxurious and fluid design, high-tech features, and their performance in auto races.

Cons of BMW cars include very expensive maintenance costs, a complicated infotainment system, and the bulky size.