Is A Used Car A Better Value? Depreciation Explained

The idea of buying that nice and new shiny car seems great. And, to be honest, it looks great too. However, the truth of the matter is the second you drive your brand new car out of the dealership its value decreases dramatically. So is the steep depreciation of a new car worth it. Probably not. There are a lot of reasons why buying a used car is better than buying a new car. Let’s start with 5:

1061029 disintegration   hdr Is A Used Car A Better Value? Depreciation Explained1. When you buy used you avoid paying for the depreciation. If you have ever tried selling a car that is a year old you understand how much value a car loses initially. Used cars have already lost their value, so you don’t pay for this.
2. A lot of great cars out there are less than $10,000. The only new car you could get for this would be a small compact car.
3. You can choose between brand, make and model. There are so many cars that enter the used car market so you will have a lot to choose from.
4. It is a good investment and will have good working features. Your insurance premium will be less as well.
5. You will get the car you want at less cost.

Comments on this entry are closed.

Previous post:

Next post: