Interested in Buying From Used Car Dealerships? Keep These Checks in Mind


Sure, everyone wants to buy a new car. For some, however, the budget can be quite tight and a brand new car is just not a feasible option. However, this doesn’t mean that you should give up your dream of owning a car altogether, especially when you can get a good deal on used cars.

Used Cars Can Be a Better Bargain Than Brand New Cars

Yes, you heard it right. Buying a used car is a good option. Some experts even argue that a used car is a better option than any brand new unit out there. For one thing, buying a used car is smart as you are facing much less depreciation. Brand new units tend to lose around 20 percent of their value the moment they are driven off the dealer’s lot. At the same time, it also stands to lose another 10 percent in value during the first year.

Adding all that up, you will lose as much as 30 percent on the value on a brand new unit during the initial year of ownership alone. Simply put, if you buy a car for $30,000, you will lose around $9,000 in value in a short span of time. Read more from this article:


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