Fred Farah Knows Why You Should Buy a Used Car
Buying a vehicle is rarely a simple process, but buying a used vehicle has plenty of advantages. Fayez (Fred) Farah knows all about those benefits. No matter what kind of car you’re looking for, buying used can save you money, even past the initial price you pay. This will give you the car you want while still providing a vehicle that you can use for years to come.
Fayez Farah operates his own new and used car dealership, North Star Motors. One advantage of going to a used car dealership is the variety of vehicles available to the person looking for a car. “The new car market usually only offers about 350 new models every year,” Farah explained. “Each year, older models and car designs leave the market and they become used.” Fayez Farah often has people come into his dealership looking for those older models, leading them to buying used cars. The used car market offers buyers different colors, features, and other elements specific to yearly releases.
Lower Insurance Rates
Fayez Farah also knows that used cars usually come with lower insurance rates. Those rates are determined by a car’s value, and since used cars have already depreciated before you even buy them, those insurance rates will come at a lower cost.
Lack of Additional Fees
When people buy a new car, a variety of fees can be added on to the initial purchase, including the cost of shipping or possibly moving the car to a new location. Fred Farah knows this firsthand from operating his own dealership. “Used cars usually do not carry these hidden fees, which allows buyers to get their car at or near the price they expected to pay walking into the dealership,” he explained.
Variety can also apply to the cost of a vehicle. Using a website like CarGurus, drivers can find that the cost of a used car at one dealership might greatly exceed the price at another. Fayez Farah encounters this frequently at his dealership. Those kinds of websites can also provide information on things like mileage that will likely vary from dealership to dealership.
Used cars also come with vehicle history data. Fred Farah provides this data to anyone who purchases a vehicle from him. He explained, “I want people to know about what the vehicle has been through and how that might affect the car now.” The information usually comes from companies like CarFax, allowing possible buyers to take a look at what the car they’re interested in has been through with other drivers. When driving a new car off the lot, you’re likely to have a car that doesn’t need any repairs, but you also do not have an idea of what may go wrong with the vehicle in the future.
In addition to used car reports, used cars tend to have more information available about them online. Fayez Farah directs his customers to different platforms when they have questions that he can’t answer about the vehicles they are looking at. A quick Google search of the year, make, and model of used car that you might buy will allow you to see the experiences other people have had with the vehicle. It also allows you to look up a dealership and see how they describe the vehicle, something that Fayez Farah does for his customers. This gives people a variety of additional opinions to go off of that a new vehicle may not offer.
Whether you are purchasing a new or used car, you’ll have to get the vehicle that you purchased registered, but the age of your car could determine how much those registration fees cost. Fred Farah operates his car dealership out of Texas, where drivers are charged a flat rate plus local fees to register their vehicle. “It’s about sixty dollars here, but it can go up or down in other states,” he said. Other states, like New Jersey, factor in things like age and weight to determine the cost of registration. This is where buying a used vehicle can be an advantage, saving you money just because you didn’t purchase your car brand new.
With years of experience in used car sales, Fayez Farah knows that the decision to buy a new or used car can be a difficult one, but those years have also allowed him to see how advantageous a used car can be to drivers. With tips like these, he hopes drivers can make informed purchases when looking for vehicles.
Fred (Fayez) Farah is the owner of North Star Motors, an independent car dealer in Houston, Texas and Okley Construction.