Buying New vs Used Car. It’s a widely known fact that people take a huge loss when buying a brand-new vehicle, but do you know by how much?
Brand-new vehicles depreciate in value by as much as 11% as soon as they’re driven off the lot, and to a minimum of an additional 10% by the end of the first year. That means that you’ll lose $2200 on a $20,000 vehicle right after purchase… YIKES! By the fifth year, vehicles will depreciate (on average) by as much as 60% and sometimes even more. That’s a whopping $12,000 that you’ve now lost on your $20K vehicle! Yeah, we’ll let that sink in for a minute…
When it comes to depreciation value, some other factors to take into account are:
We’re not just here for the sale, we’re here to make you and your pocket happy! Bottom line is: we want to help you reach your car-goals. We love it! We enjoy it! It’s what we’re here to do!
We get it…buying a vehicle is a pretty BIG decision! If you have second thoughts about us, just do your research and see for yourself why buying pre-owned gets you into the right vehicle for the right price. It’s virtually the same as buying a brand-new vehicle, but without the depreciation! Do you have any more questions about House of Cars? Please Contact Us if you have any questions.
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