Choosing A Car That Is Around A Couple Of Years Old Is Cost Effective
New cars are extremely attractive especially sitting in one for the first time but there are good reasons to purchase one that is a couple of years old. My grandmother explained years ago that I shouldn’t buy a new car. A car that was around the two year mark with not so much mileage is what she said I needed. 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.
There are more benefits to purchasing a somewhat older car in addition to those above which I still follow now whenever I decide to purchase a car. In this article I will clarify to you how you can save thousands by acquiring a fairly new but used car.
The truth that a new automobile’s value decreases by thousands once you have driven away from the car dealer is a factor you have maybe not thought about. A sale transaction of say $25,000 for a new car will not have been beneficial for you even though you think it was. The valuation might be as low as $20,000 as soon as you wave goodbye to the car dealer. The truth is during that first journey you could have taken a hit of $5,000 and this occurred in just a few minutes of time.
Go on and purchase a new car if you feel I am being extreme. Once you have, apart from going home, do not drive anywhere else. In terms of the amount your car can be worth the next day, just go back to the place you bought the car and see how much they would be prepared to give you. When it comes to trading in the car you might expect anywhere between $15,000 and $20,000 and this is actually for a car you got for $25,000 the day before.
Through the years this has been the standard manner of doing things. But now a number of dealerships are offering you a 100% trade in value for 30 days after you buy the car. But the moment those 4 weeks are over, you are out of that $5,000 no matter how you look at it. You could possibly make a more substantial loss if you try to find a buyer for your car yourself.
Now whenever you buy a car that is a few years old you won’t be losing that instant depreciation when you drive it off the lot. And naturally like my grandmother said, any glitches the car may have, will have been worked out by then. The value for money associated with a low mileage older car is higher than purchasing a new car from a automotive dealer when you take all of this into consideration.
It’s simply something to keep in mind the next time you are making plans for getting a new car. It’s possible to uncover great value if you’re able to resist the temptation of a brand new car.