Getting a car which has been on the road between one and two years can certainly make sense although we all like the idea of having a new one as well as the feelings that come with that. My nanna advised me years ago that I should never buy a new car. She believed I might possibly be better off finding a car a couple of years old with lower mileage. This should imply 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 performed.
Those principles are something I still adhere to today as they are reasonable and in buying an older car there are other considerations that add weight to this argument. On this page I will demonstrate to you how you can save thousands by acquiring a fairly new but used car.
Immediately after purchasing a new car, it can be worth a few thousand less as soon as you leave the car showroom and is something you may not have considered. Therefore when you buy a car that cost you $25,000 and you thought you got a great deal, you really didn’t. The amount could possibly be as low as $20,000 as soon as you wave goodbye to the car dealer. This means that in a matter of a couple of minutes and a few miles you just erased $5,000.
Go ahead and purchase a brand new car if you think I am being extreme. As soon as you have, besides going home, don’t drive anywhere else. With regards to the amount your car will be worth the next day, just go back to where you bought the car and see how much they would be prepared to give you. Most likely for that $25,000 car you purchased yesterday they will just offer you $15,000 to $20,000 for the trade in value.
This has been the market norm for many years. This really is 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 once those 30 days are over, you are out of that $5,000 no matter how you look at it. You can perhaps make a greater loss if you try to get a buyer for your car yourself.
At this time when you buy a car that is a couple of years old you won’t be losing that instant depreciation when you drive it off the lot. In addition to this, any problems with the car should have been ironed out as my grandma advised. The value for money of a decreased mileage older car is higher than purchasing a new car from a automotive dealer when you take all of this into consideration.
So when buying a new car, these are all issues that you need to consider. If you don’t object to missing out on that new car smell you can end up getting a much better deal.