| Each year, out of all the vehicles bought
| |
| | 2) PROS - On the other side, buying a
|
| in the U.S., 41 million are used cars
| |
| | used car could benefit the buyer in
|
| compared to only 16 million new car
| |
| | several ways:
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| purchases.
| |
| | * The original owner of the car received
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| Since purchasing a car is the next
| |
| | the depreciation hit. The market value of
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| financial investment made by US citizen
| |
| | the new car decreases from year to year.
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| other than housing, it is important to
| |
| | An average 30% of its value within three
|
| determine if buying a used car is worth
| |
| | years from the time it was bought, so
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| your money.
| |
| | buying their car would save you a lot of
|
| 1) CONS - Here is a list of the
| |
| | money.
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| disadvantages of used-car buying:
| |
| | * Unlike purchasing a new vehicle with
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| * The options of cars are limited, so the
| |
| | high insurance fees, you will receive a
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| search for the right vehicle could be
| |
| | lower cost of insurance if you choose to
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| lengthy.
| |
| | buy second-hand cars.
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| * The buyers have no idea if the car was
| |
| | * Although buying new and used cars both
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| treated. Used cars usually have worn
| |
| | provide loans, lease, or money-saving the
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| consumables such as hoses, tires, shocks,
| |
| | majority of dealers who sell used cars
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| filters, fans and clutch.
| |
| | often have shorter loan terms.
|
| * Although used car dealers provide a
| |
| | * If your investment is decided based on
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| warranty, it is only limited to a couple
| |
| | appearance and gas mileage, choosing a
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| of months unlike purchasing a new car
| |
| | used car would guarantee the value and
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| with full warranty. Certain maintenance
| |
| | reliability it has provided over the
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| on your purchased second-hand car could
| |
| | years.
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| be more expensive.
| |
| | * A used car would provide your dollar
|
| * Purchasing a second-hand vehicle would
| |
| | more flexibility. Compared from buying a
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| offer you a lower trade-in value.
| |
| | new car that would eat all your finances,
|
| * The main disadvantage of purchasing old
| |
| | buying a second-hand car would allow you
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| cars is that it has an unknown quantity.
| |
| | to purchase other accessories such as air
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| Whether the dealer has worked the vehicle
| |
| | conditioning that would cost
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| to make it attractive for the test drive,
| |
| | approximately US$200 to $900 extra.
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| the buyers are still unaware of the
| |
| | Buying your used car could waste your
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| repair bills, economical issues, and its
| |
| | money if you fail to do your research,
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| reliable transportation.
| |
| | compare dealerships, and be aware of the
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| * It is difficult to negotiate fair
| |
| | car's market value. Be a wise used-car
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| financing terms on an older vehicle.
| |
| | buyer.
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