Used cars usually have
select the best answer from the choices provided.

a
lower maintenance costs than new cars
b
lower financing costs than new cars
c
lower insurance premiums than new cars
d
higher depreciation rate than new cars

The correct answer is C. lower insurance premiums than new cars

Step-by-step explanation:

When we compare the insurance costs between new and used card, it costs less to insure used cars when you’re buying collision and comprehensive coverage. In general, we see that the  car insurance rate will drop by 3-4% for every year your vehicle ages. Meaning that, a 5-year-old vehicle is about 15-20% cheaper to insure than a brand new vehicle.