Home > Tag Archives: new car vs used car

Tag Archives: new car vs used car

Is Buying A Used Car The Smartest Form Of Car Shopping?

The following is a guest post. If you are interested in submitting a guest post, please read my policy and contact me. Buying a car is one of the top investments that you will make in your life – perhaps the second most significant one after purchasing a house. After all, when you cannot afford to purchase the vehicle outright, you are also committing to a number of years paying off a loan. One of the primary decisions that you need to make is whether you want to buy a new or used car. Buying a used car is a smart choice for the following reasons: Affordability – when you buy a car that is just slightly used, there is a substantial cost savings. Cars depreciate the most in the first couple of years, according to Bankrate. The moment you drive the car off the lot, its value declines by thousands of dollars. Once it’s off the lot, it is only worth the dealer’s wholesale price; a fast depreciation from the retail price that you paid for it. This is because the dealership would not offer you anymore than the wholesale price if you decided to return it. Certification of ...

Read More »