Benefits To Purchasing A Previously Owned Set Of Wheels
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 …