Brand-new cars are extremely attractive especially sitting in one for the first time however there are good reasons to purchase one that is a couple of years old. My grandmother told me years ago that I shouldn’t buy a new car. Her advice was to find a car that had not clocked up too many miles and was around two years old. Her reasons behind this seemed to be that any issues that the car may have had will be taken care of and I would be sure that I was getting a car in good working condition.
Even though this made sense to me and I happen to be living by that theory ever since, there can be other reasons why buying a car a few years old is a good choice. I am going to now verify the savings that can be made any time you buy a car that has been on the road a while and yet still comparatively new.
Right after purchasing a new car, it can be worth a few thousand less as soon as you leave the car showroom and is something you may not have considered. Maybe you believe 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. As soon as you leave behind the car showroom, a new valuation of $20,000 could be the asking price for your car. The loss of $5,000 dollars can happen in that brief space of time and those initial miles covered.
If you think maybe I’m exaggerating, go and purchase a new car. If you do, simply travel in it right to your home. Then the next day bring the car back in the dealer and ask them how much you can get for a trade in. Inside the space of a 24-hour period, you may find that the car you paid $25,000 for has a recommended trade price in the range of $15,000 to $20,000.
This continues to be the market standard for many years. This really is changing in a number of situations where there is a thirty day window to get a 100% trading in valuation for your car from the original dealer. But once those 4 weeks are over, you are out of that $5,000 no matter how you look at it. You might perhaps make a more substantial loss if you try to locate 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 difficulties with the car should have been ironed out as my grandma advised. The comparison between a new car and a used car with not a lot of miles, is in favor of the latter on this basis.
It’s simply something to take into account the next time you are thinking about getting a new car. It’s possible to uncover great value if you possibly can resist the enticement of a brand new car.