Looking for Used Cars? Three Things You Should Know

Daves Auto Glass Repair  > Nissan car specials, Oklahoma car dealerships, Oklahoma city used cars >  Looking for Used Cars? Three Things You Should Know
0 Comments

New car sales

According to a new article in USA Today, pickup trucks fare best when it comes to depreciation of value over time, and, perhaps surprisingly, luxury vehicles are the worst when it comes to retaining value. The study, conducted by CarGurus.com, examined the going prices of used cars from 2008 to 2012 model years, over a period of one year from 2013 to 2014. The median loss of value for all cars over this period was 9.8 percent.

Among the top contenders were the Ram pickup, the Nissan Titan, and the Chevrolet Silverado. The cars that lost the most, on the other hand, included the BMW 3 Series, the Cadillac SRX, and the Mercedes-Benz E Series. Langley Steinert, the founder of Cargurus.com, explained that part of this discrepancy is due to what people ultimately look for in used cars — low mileage. Luxury cars tend to have add-ons that don’t hold value over time. “When used car buyers go shopping they don’t care about (fancy) wheels,” Langley explains.

It’s worth pointing out that these findings aren’t likely to have much impact on the luxury car industry — people who can afford higher-priced cars typically are not too concerned with depreciating value down the road.

Knowing what to look for when buying a used car will depend on several factors. What you require the car for, your budget, and what sort of features you prefer will all impact what becomes your number one choice. Here are three things you should keep in mind.

1. Have Good Auto Mechanics Look Over Your Would-be Car

To begin with, you should always get a history report on any vehicle you purchase used: that should be a given. Did you know that 50% of cars damaged by flood water — which can cause long-term corrosive damage to internal parts — end up back on the road? Don’t end up with a nice looking car with a gnarly story just under the hood. Furthermore, it’s ideal to have a good auto mechanic inspect the vehicle before you sign on the dotted line. You never know what the past owner might have tried to hide before trading it in.

2. Ask About Dealer Incentives

If you’re buying a used car, your choice of dealer incentives might be a little more limited. However, there are still likely to be several valuable offers depending on your situation. Students, for example, frequently receive $500 to $1,000 off their vehicle purchase if they buy during the right month. You can also trade in your old vehicle and use the money toward your new vehicle. Just make sure, in this case, that you’re receiving a fair amount for what your old car is worth.

3. Used Cars are Usually Cheaper

You might be wondering what the advantage is in buying a used car instead of the cheapest new car you can find. Again, it depends on a wide range of factors. If you plan on doing serious commuting, a new vehicle might be wise so that you can rack up the mileage without anything falling apart. On the other hand, people on a budget are drawn to used cars because they can be 30% to 40% cheaper than their new counterparts, in addition to typically landing lower insurance rates.

Do you have a good auto mechanic on board to check your used vehicle? Let us know in the comments.
Read more about this topic at this link.

Leave a Reply

Your email address will not be published. Required fields are marked *

get raging bull male enhancement nitroxin male enhancement reviews what pills work like viagra does aerobic exercise help erectile dysfunction erectile dysfunction drugs after prostate surgery dr matthew christman naval medical center study erectile dysfunction prostate and male enhancement pills pills for harder erection men black ant sex pills uk will viagra help performance anxiety diet pills for kidney transplant patients i need a cleanse to lose weight atkins fat trapper pills feel great lose weight how to lose weight when you have chronic pain the diet pills scandal fentanyl in diet pills lose weight in 20 days diet plan lose weight whole body how much does apple keto gummies cost how much weight did oprah lose can obese person lose weight maxcor diet pill review how to make your sim lose weight recommeded dosage of CBD oil for alzheimer patient with anxiety who manufacters the CBD products being sold at cvs CBD for coronavirus anxiety CBD products bulk will ky va give CBD for pain CBD gummies no corn syrup how to make reviews for green ape CBD gummies CBD products on shopify what potency CBD anxiety CBD oil sleep aid infused CBD products tranquil leaf CBD gummies cost best hemp CBD cream for pain lofi CBD gummies price well products cbd sweet relief CBD gummies paul mccartney