Buying a Used Car or Buying A New Car?
When considering buying a new car, you really need to make sure whether you are buying out of necessity or desire. After all it is the one investment you will make that is guaranteed to depreciate in value.
Factors such as depreciation can be one of the biggest costs in buying a car. Even if you only buy a one-year-old vehicle, you’ll be incurring and dealing with some seriously large losses in the first year. These losses can be up to forty percent of the cars value.
Focus on the maths, and you may be able to purchase a better equipped, more powerful version of the model you want by opting for a used car. You might even be able to upgrade to a bigger, better model thanks to big second-hand savings. The way cars are made now, it doesn’t matter if there are a few miles on the clock.…
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