At some point in time, nearly everyone will purchase a vehicle. When they do, they find that there are millions of options. Last year, more than 54 million automobiles were sold. Of those, about 40 million were pre-owned. Here are four reasons why people should choose a used car dealer over a new one.
Studies show automobiles that are purchased new are driven for about seven years, on average. Those purchased used Tips on Buying A Used Vehicle Chevrolet Equinox LT Fall Creek WI 54742 are driven for about five years. Using the average depreciation rates for automobiles today, a vehicle would be worth approximately 20% of its original value after seven years. By shopping with a used car dealer, customers avoid the massive depreciation that all undriven models suffer from. A pre-owned auto will depreciate as well, but not to the same extent.
The average cost for an undriven automobile is roughly $32,000, compared with $15,000 Chevrolet Equinox LT Fall Creek WI 54742 for a pre-owned model. Much of the difference in cost, as discussed above, is due to depreciation. The instant an undriven vehicle leaves the company’s lot, it loses almost 10% of its value, simply because it is no longer considered mint. If one vehicle costs 10% less than another, and the only difference is a few miles on the odometer, the cheaper option will always win.
Similar Safety Features
In decades past, purchasing a The Benefits of Finding Used Cars for Sale Online Chevrolet Equinox LT Fall Creek WI 54742 new vehicle might get the consumer enhanced safety features such as airbags, anti-lock brakes, or skid control. These days, all cars come standard with air bags and anti-lock brakes. Skid control is standard with select manufacturers. As long as you don’t buy a model that is too old, your auto will be every bit as safe as the latest model.
The old adage is that you should never repair a damaged vehicle Chevrolet Equinox LT Fall Creek WI 54742 if the cost is more than half of the auto’s value. So, when a costly repair came around, people would buy a fresh model. However, with the increase in competition between domestic and foreign markets in the 80s and 90s, all models have become more reliable. Since 1995, when studies began, the average age of cars on the road has steadily increased. Today, of the 250 million cars in the U.S., the Chevrolet Equinox LT Fall Creek WI 54742 average age is 11.7 years. Consumers expect automobiles to last, and they purchase them for their reliability. As a result, there is a plethora of reliable, quality models available from any used car dealer.
In conclusion, the choice between new and pre-owned vehicles is an easy one. An auto from a used car dealer will give you the same level of reliability and safety as new cars. Pre-owned vehicles, on average, cost less Chevrolet Equinox LT Fall Creek WI 54742 than half the price of new ones and depreciate significantly less. If you are interested in getting the same features as a new auto, but for less money, then the pre-owned market is for you.
Business Results 1 - 10 of 9
Fall Creek WI - BingNews Search results
CVTC speeds up graduation to meet market needs
Eau Claire, WI – The students were unanimous in their agreement ... “I was terrified,” said Cacie Michels, a 2007 Chippewa Falls McDonell graduate now living in Fall Creek and working at the new hospi...
Heavy rain continues to fall across Northeast as region braces for more flooding
CNN's meteorologist said another 1-2 inches is set to fall across central New York state Tuesday as ... "In Benton, Columbia County, PA water is receding off of Main Street, but Fishing Creek is runni...
Automation blamed for job cuts at Fall Creek cheese business
FALL CREEK, Wis. — New Jersey-based Schuman Cheese is cutting 51 jobs at a Fall Creek factory due to increased automation. The company is installing two new pieces of machinery for its cheese-slicing ...
Fall Creek, WI cheese company to cut staff
MADISON (WKOW) -- The Wisconsin Department of Workforce Development announced Monday that Imperia Foods of Fall Creek, Wisconsin will cut 60 jobs at its cheese slicing facility. The parent company of ...