Used cars typically come with lower insurance premiums compared to new vehicles, making them a budget-friendly option for students. Additionally, older cars are often easier and less costly to maintain, as parts are more readily available and repair costs are lower. With regular upkeep, a well-maintained used car can serve college students throughout their academic years. Another advantage of investing in a used car as a college student is the potential for resale. Since used cars have already undergone the majority of their depreciation, they retain their value better over time.
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