Owning a car is a great way to experience transportation freedom, and buying a used car rather than a new car is also a great way to be money savvy. Many dealers offer pre owned vehicles that are certified, inspected, and even have extended warranties. This makes purchasing and owning a used car a smart investment, especially since new vehicles have rapid depreciation rates compared to older vehicles. CARFAX notes “According to current depreciation rates, the value of a new vehicle can drop by more than 20 percent after the first 12 months of ownership. Then, for the next four years, you can expect your car to lose roughly 10 percent of its value annually. This means that a new car can be worth as little as 40 percent of its original purchase price after five years.” 

Obviously purchasing a previously owned vehicle has benefits and advantages. Cars like Cincinnati OH pre …