Even though we all love the smell of a new car as well as the pride that comes with owning a new car, it could be worth your while to buy a car a year or two old. I was cautioned against buying new cars by my own grandma several years ago. An automible that was around the two year mark with not a lot of mileage is specifically what she said I needed. Based on her reasoning, whatever car I acquired should be operating well and if there had been anything needing attention, this would already have been carried out.
There are additional advantages to purchasing a slightly older car in addition to those above which I still follow now whenever I decide to purchase a car. On this page I will explain to you how you can save thousands by acquiring a fairly new but used car.
After purchasing a new car, it can be worth a few thousand less immediately after you leave the car showroom and is something you may not have considered. It could be that you think you have bought a car that is the best value for money if you paid $25,000 for instance but in reality you haven't. Once you drive that car off the lot it may possibly now only be worth $20,000. This means that in a matter of a few moments and a few miles you just forfeited $5,000.
If you think I am exaggerating, go and buy a new car. If you do, simply travel in it directly to your home. In terms of how much your car would be worth the next day, just go back to precisely where you bought the car and see how much they would be prepared to give you. More than likely for that $25,000 car you bought yesterday they will only offer you $15,000 to $20,000 for the trade in value.
Through the years this has been the standard approach of doing things. However right now several dealerships are offering you a 100% trade in value for 30 days after you buy the car. In essence, after 30 days, you have still got to acknowledge that you are looking at a loss of $5,000. You could perhaps make a greater loss if you try to find 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 devaluation when you drive it off the lot. In addition to this, any troubles with the car should have been ironed out just as my grandma advised. The comparison between a new car and a used car with not too many miles, is in favor of the latter on this basis.
Therefore when getting a new car, these are all issues that you need to consider. You may have to forfeit the attraction of a new car to wind up with the most cost effective transaction.
Share this article to your friends or go ahead and click here for everything automotive.
There are additional advantages to purchasing a slightly older car in addition to those above which I still follow now whenever I decide to purchase a car. On this page I will explain to you how you can save thousands by acquiring a fairly new but used car.
After purchasing a new car, it can be worth a few thousand less immediately after you leave the car showroom and is something you may not have considered. It could be that you think you have bought a car that is the best value for money if you paid $25,000 for instance but in reality you haven't. Once you drive that car off the lot it may possibly now only be worth $20,000. This means that in a matter of a few moments and a few miles you just forfeited $5,000.
If you think I am exaggerating, go and buy a new car. If you do, simply travel in it directly to your home. In terms of how much your car would be worth the next day, just go back to precisely where you bought the car and see how much they would be prepared to give you. More than likely for that $25,000 car you bought yesterday they will only offer you $15,000 to $20,000 for the trade in value.
Through the years this has been the standard approach of doing things. However right now several dealerships are offering you a 100% trade in value for 30 days after you buy the car. In essence, after 30 days, you have still got to acknowledge that you are looking at a loss of $5,000. You could perhaps make a greater loss if you try to find 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 devaluation when you drive it off the lot. In addition to this, any troubles with the car should have been ironed out just as my grandma advised. The comparison between a new car and a used car with not too many miles, is in favor of the latter on this basis.
Therefore when getting a new car, these are all issues that you need to consider. You may have to forfeit the attraction of a new car to wind up with the most cost effective transaction.
Share this article to your friends or go ahead and click here for everything automotive.
About the Author:
Andrew R. Ford recommends that you visit http://www.hho-cars.com for more information.
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