The video talks about how to buy a used car the right way. One of the things to consider is that buying a used car from a used car dealership has advantages over buying a new car. New cars sometimes lose up to 40 percent of their value in the first five years. That means it’s smart for a shopper to consider buying a five-year-old used car to save money. Most used cars come with about 60,000 miles on them.
That gives the new owner plenty of miles to go and less of a hit to his or her wallet.
It’s best to buy a car when it is between two and eight years old. It’s also smart to buy a car that has between 24,000 and 96,000 miles on it. The worst part of the depreciation has ended at that time. Also, the car will still be highly reliable at that time.
To get the best value in buying a used car, the prospective buyer should research the car, compare pricing offers, and choose finance offers carefully. Edmunds.com and KBB.com offer accurate estimates for a used vehicle. They show prospective buyers what they should expect to pay at a dealership and an independent seller. The amounts sometimes differ significantly.