For openers, it's cheaper than a new one. But price should be only part of the photo. You also save about depreciation and insurance—if you happen to be careful to pick the best car.
Should yol" ever purchase a used car that needs new tires and a new bat tery plus whose slipping automatic transmission needs major repairs? Without a doubt, if the deal will be right. That's because everything of per sonal transportation is among cold, hard costs, and of the amount of miles and years you can buy for how a group of dollars. Take the example above. If your total costs with the car and all necessary repairs came to $2, 000 and there's a chance you're reasonably sure that the auto would last for at least three years, you could amortize your price at not as much as $700 a year—cheap simply by today's standards. Even if you do not want to get into that types of situation, there is still plenty' of bargain transportation while in the used-car field.
You can splurge over a car with as many luxury features as you like and still save plenty com pared with die price of a new car. it you re bothered by relatively poor gas miles of bigger, older cars, put the mileage inside perspective: It's only one of the factors that make upward total transportation cost. The economics of the deal The major costs involved with owning and operating an auto are depreciation, interest for the loan if any, insurance policies, maintenance and gasoline. In each of these areas lie some persuasive argu ments intended for buying used cars. Depreciation. For that average driver, who sheets up about 10, 000 miles per annum on the odometer, this can be the most expensive of their costs. From the date of purchase a car loses value every month of every year—a unhappy fact of life after you buy a new auto, but one that can work to the ad vantage when you purchase a used car. Depreciation can make the late model used car an amazing buy be cause its heaviest in the early a lot of ownership.
Some new automobiles can de preciate $1, 500 within a few months. Depreciation does its grime work even on cars that appear to be retaining their value. If you ever look in the utilized car guides, such as being the Kelley Blue Book or even the Official Used Car Guide of the National Automobile Dealers Association, you'll find some cars sell ing at and also near their original prices and could conclude that they in some manner escaped the ravages regarding depreciation. But you'd be wrong, A car which sold for $4, 000 when it had been new in 1975 hasn't escaped depreciation regardless of whether it is selling for the full $4, 000 now. The reason is easy: inflation. In 1975, $4, 000 was worth a lot more. The combination of time and mile age is often the determining factor in setting a cost, and it's the key into a car's real value. A car that's only Several years old and offers from 20, 000 to be able to 40, 000 miles on that odometer would normally cost about half the buying price of a new one.
Author Resource:
Would you want to know more about Good reasons for buying an old car or truck, Please check here subaru .
![[Valid RSS feed]](http://www.look4articles.com/images/icon_Rss.png "XML Feed For RSS"){kind=icon}
Category Rss Feed
Print This Article
Add To Favorites
![[Valid RSS feed]](http://www.look4articles.com/images/rss.jpg "XML Feed For RSS")