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 Know About Used Cars and Used Car Dealers Chevrolet Silverado K1500 LT Altoona WI 54720 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 Silverado K1500 LT Altoona WI 54720 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 Know About Used Cars and Used Car Dealers Chevrolet Silverado K1500 LT Altoona WI 54720 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 Silverado K1500 LT Altoona WI 54720 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 Silverado K1500 LT Altoona WI 54720 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 Silverado K1500 LT Altoona WI 54720 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.
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United Bank Joins Forces with CCFBank™
The combined company, headquartered in Altoona, WI, is expected to have over $1.24 billion in total assets with 27 locations in northwest Wisconsin and southern Minnesota. CCFBank CEO and ...
Grand jury declines to indict deputy who fatally shot man
Investigators have said Deputy Ryan Phillips pulled over 25-year-old Isaiah Hayes, of Ashland, Wisconsin, just east of Altoona but that Hayes soon sped off. He stopped a few minutes later, and deputie...
Grand jury declines to indict Polk County deputy who fatally shot man in Altoona
Grand jury declines to indict Polk County deputy who fatally shot man in Altoona A grand jury has declined to indict a Polk County sheriff's deputy who shot and killed a Wisconsin man after a July cha...
Clarice H. Bergerson
Altoona, WI -- Clarice H. Bergerson, age 98, went home to God on Monday, October 8, 2018, at Prairie Pointe Rehabilitation Suites in Altoona, WI. Clarice was born on July 1, 1920 in Bruce Valley, Stru...
Local brewery prepping for Wisconsin Science Festival
EAU CLAIRE, Wis. (WEAU)-The 2nd annual four-day Wisconsin Science Festival begins Thursday and preparations are underway. Eric Rykal (center) talks with customers during the opening of Modicum Brewing ...
$250K donated to local Mobile Mammography unit
ALTOONA, Wis. (WEAU) --Monday ... Therefore, the mammography units were created to screen more women in rural parts of Wisconsin. Monday, Associated Bank donated $250,000 to support three units that s...
Selma M. Klingbeil, age 101, died on Wednesday, April 25, 2018 at Grace Edgewood Assisted Living and Memory Care in Altoona. Selma was born on November 12, 1916 to the late Carl and Helena (Nelson) He...
ACLU of Wisconsin challenges Altoona’s anti-panhandling laws
The American Civil Liberties Union is going after the City of Altoona for its panhandling laws. The ACLU of Wisconsin is demanding eight Wisconsin municipalities repeal panhandling bans. Karyn Rotker, ...
Eau Claire Marathon: 5K Results
1, Kevin Hall M 31 Madison WI 15:39; 2, Erik Brandner M 31 Eagan MN 18:00; 3, Bradley Simmons M 31 Chicago IL 18:04; 4, Samuel Fisher M 35 Altoona WI 18:25; 5, Dan Lacroix M 25 Dubuque IA 19:16; 6, Ke...