Which is the better buy new or used vehicles?
As all car and truck-buyers wonder, is it best to buy your vehicle used or brand new?
The reality of the automotive marketing system is that after three years the brand new car that a consumer bought has already depreciated over 40%. After the three years, the depreciation value begins to slow down and the current owner finally begins to reap in the benefits of owning the vehicle. So let’s say you bought your new car from a Raleigh Chevy Dealer, almost immediately once you drove that car off of the lot, you’ve lost value on the car. That fact alone has driven consumers to used car auctions to beat the lost value, and gain the same amount of equity the new car owners have received.
Buying a used car would probably be more of a benefit to you as a consumer as long as it was kept in relatively nice condition and it doesn’t have any major set-backs. Just in buying a used car you avoid lower vehicle insurance premiums, registration and license fees, financing costs, depreciation, as well as the lower purchase price that all consumers love.
However, new cars do have their perks when it comes to reliability and the absence of problematic tires, brakes, battery, and mufflers that may come from buying a car used.
So which one is better? It is most likely best to invest in a used car and save the depreciated value that is lost in buying a new car. Doing this, helps you, and your wallet for virtually the same lowered price, rather then buying a brand new car that would cost, and become more of a liability to your life then once intended.
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