If you need a car and your goal is to save money, you can accomplish it by buying a used car. Used cars are a wonderful way for a family in Joliet to save money and at the same time, get a quality car that will give many years of trouble-free service. Compared to the not too distant past, cars today simply last longer and give far less trouble.
However, there is a caveat, “not all used cars are created equal.” As a wise buyer, you must do your homework.
Take Advantage Of Depreciation
The moment the front wheels of a new car are off the dealer’s lot, they have depreciated as much as 20 percent. By the end of the first year, they have lost a total of 30 percent. If you want to buy a car that cost $30,000 new, wait a year and buy it used for $21,000. It might be hard to find a one-year-old used car, but it is easy to find used cars that are two years old.
Cost Less To Insure
The cost of insurance is based on the value of the car. A used car, in the eyes of the insurance company, is worth less than a new one, ergo, the cost to insure a used car is less. Depending on the age of the car, there may be certain parts of a policy that is worth dropping; it makes no economic sense to carry theft or collision for an older car.
Stretch Your Dollar
You can get more car for the money when you buy a used car. If you can’t afford to buy a new luxury car, a two or three-year-old model should be easier on your wallet. Cars are no longer redesigned every model year as they once were, so a three-year-old Volkswagen Jetta looks very much like a new one.
Used cars today represent far better value than they ever have. Visit Hawk Volkswagen of Joliet at website url.
