It is worth researching other options before you go to your local car dealer to purchase your car. It is important to remember that you will end up paying the full dealer price and have to accept fewer extras in order to get the dealer to sell the car.
What's the Value after Two Years?
Simple car buying advice is a good idea. It will help you determine how much value your car will retain after only two years. A two-year-old vehicle will lose approximately forty percent of its value compared to a newer model. It will also depreciate by approximately sixty-five percent if the vehicle is less than five years old. The best advice for car buyers is to consider how to avoid losing value due to such depreciation.
Experts recommend that you purchase a car between three and five years of age. This will ensure that you don't lose 40 to 60 percent in depreciation. The car's value when you buy it will be forty to sixty-five percent lower than its new value. It is important to shop for a used car, and not a brand new one.
It is a great idea to go to car auctions when looking for a new car. Online car auctions are now a reality. You don't even have to leave your home to purchase a car. The auctions sell repossessed cars, ex-government vehicles and dealers who want to dispose of their stock.
This is a great way to get a quality vehicle at a low price. Experts in car buying will tell you that if you go to a dealer to buy a vehicle, you must pay the dealer price. However, if you shop for your vehicle at an auction, you can pay wholesale prices, which will save you significant money.
You can either search the internet for car auctions or go to your local auction to find a bargain. This car buying advice has the best advantage. You get guarantees against misrepresentation when you buy a vehicle through an auction. If you inspect the vehicle and find it is not what you expected, you can get a full refund.
The same option is available at local auctions. This means you can take the vehicle for a test-drive only after you have won the bid. If you are not satisfied with the car's performance, you can retrace your bid and receive a refund.