Getting a car that 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 along with the feelings that come with that.
Purchasing a new car is something I was warned against previously by my grandmother. Her recommendation appeared to be to find a car that had not clocked up a lot of miles and was around two years old. This should show that the automobile 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 carried out.
There are other positive aspects to purchasing a moderately older car in addition to those above which I still follow now whenever I decide to purchase a car. In this article I will explain to you how you can save thousands by purchasing a fairly new but used car.
Right after paying for 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. Any purchase transaction of say $25,000 for a new car will not have been beneficial for you even when you think it was. Once you depart the car display room, a new valuation of $20,000 could be the asking price for your car. Which means that in a matter of a few moments and a few miles you just lost $5,000.
If you feel I am exaggerating, go and get a new car. If you do, just travel in it directly to the house. Then the next day bring the car back to the dealer and find out how much you can get for a trade in. More than likely for that $25,000 car you purchased yesterday they will offer only you $15,000 to $20,000 for the trade in value.
In past times, this is just how things worked in the trade. You will discover instances now where for approximately 30 days a dealer will give you the full original value back if you are trading in your car. But as soon as those 4 weeks have ended, you are out of that $5,000 no matter how you look at it. You might possibly make a more substantial loss if you try to find a buyer for your car yourself.
A two year old car will not likely bear that kind of deficit when you are purchasing it from a car dealer in the same way. Additionally, any troubles with the car should have been ironed out just as my grandma advised. So when you consider it like that, by purchasing a pre owned car with low mileage you will actually be getting more for your money than if you bought a new car at the dealership.
It really is worthwhile remembering these points whenever you are making car purchase decisions. You might have to forfeit the attraction of a new car to find yourself with the most cost effective transaction.
Share this article to your friends or go ahead and click here for everything automotive.
Purchasing a new car is something I was warned against previously by my grandmother. Her recommendation appeared to be to find a car that had not clocked up a lot of miles and was around two years old. This should show that the automobile 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 carried out.
There are other positive aspects to purchasing a moderately older car in addition to those above which I still follow now whenever I decide to purchase a car. In this article I will explain to you how you can save thousands by purchasing a fairly new but used car.
Right after paying for 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. Any purchase transaction of say $25,000 for a new car will not have been beneficial for you even when you think it was. Once you depart the car display room, a new valuation of $20,000 could be the asking price for your car. Which means that in a matter of a few moments and a few miles you just lost $5,000.
If you feel I am exaggerating, go and get a new car. If you do, just travel in it directly to the house. Then the next day bring the car back to the dealer and find out how much you can get for a trade in. More than likely for that $25,000 car you purchased yesterday they will offer only you $15,000 to $20,000 for the trade in value.
In past times, this is just how things worked in the trade. You will discover instances now where for approximately 30 days a dealer will give you the full original value back if you are trading in your car. But as soon as those 4 weeks have ended, you are out of that $5,000 no matter how you look at it. You might possibly make a more substantial loss if you try to find a buyer for your car yourself.
A two year old car will not likely bear that kind of deficit when you are purchasing it from a car dealer in the same way. Additionally, any troubles with the car should have been ironed out just as my grandma advised. So when you consider it like that, by purchasing a pre owned car with low mileage you will actually be getting more for your money than if you bought a new car at the dealership.
It really is worthwhile remembering these points whenever you are making car purchase decisions. You might have to forfeit the attraction of a new car to find yourself with the most cost effective transaction.
Share this article to your friends or go ahead and click here for everything automotive.
source :By Andrew R. Ford About the Author:
Andrew R. Ford recommends that you visit http://www.hho-cars.com for more information.
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