Getting A Car That’s A Couple Years Old Could Help You Save A Lot Of Money
Brand-new cars are incredibly attractive especially sitting in one for the first time however there are good reasons to purchase one that is a couple of years old. My nanna told me years ago that I shouldn’t buy a new car. Her help and advice seemed to be to find a car that had not clocked up a lot of miles and was around two years old. This should mean that the car 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 done.
Those guidelines are something I still abide by today as they are sensible and in buying an older car there are other considerations that add on weight to this argument. I will now expand further on just why buying a car that is not overly old can result in saving you a lot of money.
The fact that a new automobile’s value diminishes by thousands once you have driven away from the car dealer is a factor you have maybe not thought about. Which means that in the event you buy a car that set you back $25,000 and you thought you got a great deal, you really didn’t. As soon as you drive that car away from the lot it could possibly now only be worth $20,000. In fact for the period of that first journey you could have taken a hit of $5,000 and this occurred in just a few minutes of time.
If you think I am exaggerating, go and purchase a new car. If you do, only travel in it straight to the house. When it comes to how much money your car will 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. Inside the space of a day, you may discover that the car you paid $25,000 for has a recommended trade price in the range of $15,000 to $20,000.
This has been the marketplace tradition for many years. You will find cases now where for up to 30 days a dealer will give you the full original value back if you are trading in your car. Essentially, after 30 days, you have still got to accept that you are looking at a loss of $5,000. This deficit might be greater if simply selling the car is something you are considering.
Now if you buy a car that is a few years old you won’t be losing that instant decline when you drive it off the lot. In cases where there have been issues with the car these should have previously been solved as my grandmother originally stated. The distinction between a new car and a used car not having way to many miles, is in favor of the latter on this basis.
It really is well worth remembering these points whenever you are making car purchase decisions. Unless you care about passing up on that new car smell you can end up getting a much better deal.