Buying Used Cars - Get the Best Deals

1. Buying a brand new car is something that almost all of us dream of. However, this may not be the most practical thing to do; especially for your financial health. Buying a used car can be a great deal more beneficial for you and your financial conditions.

2. Car Purchase is An Expensive Affair 02 03 04 04 01 The monthly payments, insurance and registration cost for a new car are all more expensive as compared to used auto. Furthermore, the value of the vehicle goes on to decrease by over 50% in 3 years time. Reportedly, new cars lose about 20% of their value as soon as ownership is attained. After a house, a car is the costliest thing that we purchase in our lives. An automobile is considered to be a depreciating asset, the value of which is guaranteed to drop as time passes.

3. How Buying A Used Car Would Be More Practical A certified, mechanically checked vehicle can normally deliver safe and dependable services for years to come. Late used cars generally tend to have low mileage and look almost as good as the new ones. The sale price for a used car is usually around 30% less than the cost of a new car. A 2-3 year old, well-maintained automobile can be expected to run smoothly for at least 150,000 – 200,000 miles more. The money saved from purchasing a used car can be used to invest in something else that can add to the income.

4. Sources of Reference: https://thefinancialphysician.com/2013/04/how-we-waste-money-by-buying-new-cars- and-the-right-way-to-do-it/ http://lenpenzo.com/blog/id1501-100-words-on-why-youre-better-off- buying-a-used-car.html