AutoGlossy

Car Buying - Buy Almost-New to Avoid New-Car Depreciation

Since new cars suffer high rates of depreciation in the first year, it is generally better to buy a relatively new car (at least one year old) that has already experienced its greatest loss in value.

Almost-new used cars represent the best values for automotive consumers and offer most of the benefits of new-car ownership at lower cost. Here are some of those benefits:

- Manufacturer's warranty is still in effect. Most new cars have 36 month general warranties, many have 48 months, and a few have 60 months -- all transferable to new owners.

- Manufacturer's new-car rebates and low-interest loans, which are very common, drive the price of used cars down. Almost-new used cars are currently undervalued for this reason.

- Optional equipment and packages on almost-new used cars are generally greatly undervalued, compared to original cost.

- Safety equipment is up to date, and comparable to new cars.

- Less risk of hidden problems than with an older car.

- Many almost-new used cars are lease returns that have been well maintained and cared for.

- Many used car dealers certify almost-new used cars with comprehensive inspections and guarantees.

- Leases are readily available for almost-new used cars, but not for older models.

Careful selection of vehicle make and model can save you money in the long term. Those brands that have traditionally maintained high resale values, such as Honda, BMW, and Lexus, will be your best choice. A relatively low initial purchase price combined with a relatively high sale or trade price a few years later will help to minimize your overall ownership cost.

+++

Resources: Baby Gifts International Phone Cards Keramiktomtar Europa Kfz Versicherung Sista Minuten Delhi

Related articles:

Mobile Detailing Work Vehicle tips
Have you ever driven down the highway and every half a mile or so you see a towel in the road? You wonder; “gee that is a pretty nice towel” but it is too dangerous to stop and pick it up. Do you ever
2005-09-17 - by Lance Winslow

More than 3 Million Units Sold for 2005 Jeep Grand Cherokee in North America
"The first Jeep Grand Cherokee created the luxury sport-utility market," said Jeff Bell, Vice President-Jeep about the best-selling SUV from Jeep. "Since then, many very strong competitors have inten
2005-09-17 - by Jenny McLane

Calculating Car Lease Payments - Online Lease Calculator Makes It Easy
One of the first questions that comes to mind when thinking of leasing a car is: "What will my monthly lease payment amount be?" or "How much can I save by leasing when compared to buying?"Getting the
2005-09-17 - by Al Hearn

The Electrocuted Automobile
It looks as if there will be newer cars coming out soon which have a 42 volt electrical system. Actually it will be a 36-volt electrical system with three 12-volt batteries in series. The good part
2005-09-17 - by Lance Winslow

How to Buy a Used Car at 90% Savings Off the Book Value
To buy a used car is a great idea for saving money. Everyone knows that a new car lost 65% of its value in the first 5 years. But the case would be more extreme for a 1 to 2 years old car, it will los
2005-09-17 - by Steve Li