Are Used Cars Right for You?

picture21For first time buyers of cars, may we remind you that a car loses about twenty percent of its total value during the first year. After the first year, the value of a car geometrically loses its value until it reaches a baseline value or what used car salespersons use to compute the “used car” value of a second hand vehicle.

The very first question you should ask yourself is: is this car sufficient for my needs? Used cars often have old components that would need repairs or replacements. You will spend money tuning up your new vehicle. If you can’t lease a car, then a second hand vehicle would be a good idea.

Just make sure you’re knowledgeable enough about your new used car. Otherwise, it might end up in the junk heap earlier than expected.

Leave a Reply