Monthly Archives: May 2014

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Save Your Valuable Money By Purchasing An Older Car Rather Than A New One

Buying a car that’s been on the road between one and two years tends to make sense although we all like the idea of having a new one and the feelings that come with that. Buying a new car is one thing I was warned against before by my grandmother. An automible that was around the two year mark with not too much mileage is the thing that she said I needed. This should mean that the vehicle I ended up owning was in fairly good order especially since any work that had been needed on it up to that point would have been performed.

There are other positive aspects to purchasing a moderately older car in addition to those above which I still follow now whenever I decide to purchase a car. In the following paragraphs I will clarify to you how you can save thousands by acquiring a fairly new but used car.

The reality that a new car’s value diminishes by thousands once you have driven away from the car dealer is a factor you have maybe not thought about. Maybe you think you have bought a car that is the best value for money if you paid $25,000 for instance but in reality you haven’t. As soon as you depart the car showroom, a new valuation of $20,000 could be the asking price for your car. So in a matter of a couple of minutes and a few miles you just erased $5,000.

You should purchase a brand-new car if you feel I am being extreme. Then drive it no place else but straight home. Go back to the showroom the day after and check out what worth they set on your car then. Within the space of a day, you may learn that the car you paid $25,000 for has a recommended trade price in the range of $15,000 to $20,000.

Over the years this has been the normal way of doing things. However right now several dealerships are offering you a 100% trade in worth for 30 days after you buy the car. You still will be $5000 down the moment those 30 days have elapsed. This shortfall could be greater if just selling the car is something you are considering.

A two year old car is not going to bear that kind of deficit when you are purchasing it from a car dealer in the same way. Not forgetting like my grandmother pointed out, any glitches the car may have, will have been resolved by then. So if you consider it like that, by purchasing a pre owned car with low usage you will actually be getting more for your money than if you bought a new car at the dealership.

This is just something to keep in mind the next time you are making plans for getting a new car. You may have to sacrifice the attraction of a new car to end up with the most cost effective transaction.