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 Choosing A Used Car Dealer or Private Seller GMC Sierra K1500 SLE Augusta WI 54722 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 GMC Sierra K1500 SLE Augusta WI 54722 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 Tips on Buying A Used Vehicle GMC Sierra K1500 SLE Augusta WI 54722 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 GMC Sierra K1500 SLE Augusta WI 54722 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 GMC Sierra K1500 SLE Augusta WI 54722 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 GMC Sierra K1500 SLE Augusta WI 54722 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 20
Augusta WI - BingNews Search results
The 'Horrible Hundred': The worst puppy mills and breeders in Wisconsin
Wisconsin is on the list behind Missouri, Ohio, Iowa and Pennsylvania at eight problem puppy mills across the state. A puppy kennel in Augusta, Wisconsin is first on the list for reports of selling sick puppies who seem to have had parvovirus, a disease ...
ROBERT WARREN SLADKY
Robert Warren Sladky, 95, died on March 12, 2018, at Azalea Nursing Home in Augusta, Georgia. He was born Dec. 3, 1922, in Superior, Wisconsin, to Jacob (“Jake”) and Elizabeth Harris Sladky. Graduating from Superior Central High School, he excelled as ...
Al was born in Augusta, Wisconsin on August 5, 1931, to Alvin and Ida (Reimer) Amundson. Al started working in the printing business at Eau Claire Book and Stationary after high school and stayed in that field of work with Graphic Printing, Sands Eagle ...
Wisconsin woman deemed competent to stand trial in what initially was believed to be kidnapping
A Wisconsin woman accused of traveling to Augusta to pick up a 12-year-old friend for her daughter is competent to stand trial, a judge ruled Tuesday. Annette Zopfi, 53, has been in jail since her arrest in February. An initial charge of kidnapping was ...
Wisconsin woman will face grand jury on lesser charge than kidnapping
A Wisconsin woman who traveled to Augusta to get a 12-year-old friend for her daughter is not expected to face possible indictment on a charge of kidnapping. At the conclusion of a preliminary hearing in Richmond County Civil Court on Tuesday for Annette ...
Nortech Systems to Close Facility in Augusta, Wisconsin
MINNEAPOLIS--(BUSINESS WIRE)--Nortech Systems Incorporated (Nasdaq: NSYS), a leading provider of full-service electronics manufacturing services (EMS), today announced plans to close its manufacturing facility in Augusta, Wis., by the end of 2016.
Augusta’s Mize playing in new Champions Tour event in Wisconsin
Click to share on Twitter (Opens in new window) Click to share on Google+ (Opens in new window) Share on Facebook (Opens in new window) Click to share on Pinterest (Opens in new window) Madison, WI (WJBF) — Augusta’s Larry Mize has been playing well ...