Brand-new cars are incredibly attractive especially sitting in one for the first time but there are good reasons to purchase one that is a couple of years old. Purchasing a new car is one thing I was warned against previously by my grandmother. Her recommendation was to find a car that had not clocked up a great number of miles and was around two years old. Based on her reasoning, any kind of car I acquired should be operating well and if there had been anything needing attention, this would already have been carried out.
Even though this made sense to me and I have been living by that theory ever since, you will find other reasons why buying a car a few years old is a good choice. I will now expand further on just why buying a car that is not overly old can result in saving you lots of money.
Right after purchasing a new car, it is usually worth a few thousand less right after you leave the car showroom and is something you may not have considered. Maybe you believe you have bought a car that is excellent value for money if you paid $25,000 for instance but in reality you haven’t. The amount might be as low as $20,000 when you wave goodbye to the car dealer. Sacrificing $5,000 dollars can happen in that brief space of time and those initial miles covered.
You should purchase a brand-new car if you think I am being extreme. Once you have, besides going home, you shouldn’t drive anywhere else. Then the next day bring the car directly back to the dealer and ask them how much you can get for a trade in. For trading in the car you might expect anywhere between $15,000 and $20,000 and this covers a car you bought for $25,000 the day before.
Through the years this has been the standard manner of doing things. It’s shifting in a few instances where there is a thirty day window to get a 100% trading in valuation for your car from the original dealer. But the moment those thirty days have ended, you are out of that $5,000 no matter how you look at it. This deficit could possibly be greater if simply selling the car is something you’re thinking about.
A two year old car will not suffer that kind of deficit when you are purchasing it from a car dealer in the same way. In addition to this, any difficulties with the car should have been ironed out just as my grandma advised. The value for money connected with a decreased mileage older car is a lot more than purchasing a new car from a car dealership when you take all of this into consideration.
Therefore when purchasing a new car, these are all aspects that you need to consider. You may have to give up the attraction of a new car to find yourself with the most cost effective transaction.