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 Used Car Dealerships GMC Sierra K1500 SLE Z71 Ridgeland WI 54763 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 Z71 Ridgeland WI 54763 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 Choosing A Used Car Dealer or Private Seller GMC Sierra K1500 SLE Z71 Ridgeland WI 54763 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 Z71 Ridgeland WI 54763 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 Z71 Ridgeland WI 54763 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 Z71 Ridgeland WI 54763 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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New hotel opens Friday on Vidalia Riverfront
TownePlace Suites, a product of Marriot International, is located at 215 Front St., under the management of Desai Hotel Group of Ridgeland. Vidalia Mayor Buz ... complimentary Wi-Fi and on-site busine...
WRESTLING: Mariakis ready to test himself at Chattanooga
Ruschell had spent the previous eight seasons as an assistant coach at Wisconsin, where he was a two-time All-American ... but right off the bat I know I have to put in a lot of hard work." The Ridgel...
Townhomes & Condos For Sale in Oak Park, Illinois - November 2018
300 Chicago Avenue is located in Oak Park, Illinois east of Ridgeland Avenue. 317 Wisconsin - 1 home for sale 317 Wisconsin Avenue is a 10 unit condo building. 317 Wisconsin is located in Oak Park ...
AARP Events Around Ridgeland
There are no AARP events currently scheduled. Check out things to do around Ridgeland or visit our [email protected]+ for webinars and other online events. Is there an event that we should know about? Share it ...
Doctors around Ridgeland, WI: Doctors Around Ridgeland
AARP offers tools to answer your health care questions, to help manage your health information and to help you learn about medical conditions, symptoms and procedures. Start now by selecting a tool be...
From the files: Ridgeland's Labor Day fair lauded as best
They are all getting along nicely at this writing. Living up to the reputation of being the “best little fair in Western Wisconsin” the annual Ridgeland fair will be held on Labor Day. “Fair Day” at R...
Stop Cruel Chicken Toss and Pig Chase at Wisconsin’s Pioneer Days Festival
If you weren’t aware, we are currently living in Pioneer times … or at least that is what the operators of Pioneer Days in Ridgeland, Wisconsin think. Each year the county holds the Pioneer Days festi...
United Poultry Concerns Asks Ridgeland, Wisconsin to Drop Chicken Toss
MACHIPONGO, Va., Jan. 30, 2018 /PRNewswire-USNewswire/ -- United Poultry Concerns is joining Wisconsin-based Alliance for Animals in urging the village of Ridgeland, Wisconsin to cancel their February ...
LaVern R Harnisch
AMERY, Wis. — LaVern R Harnisch, 90, of Amery, formerly of Ridgeland, WI passed away Thursday, Nov. 17, 2016, at Golden Age Manor. LaVern (Gopher) Harnisch was born September 26, 1926 in Menomonie to ...
Citizens Community Bancorp, Inc. Closing Two Branch Offices to Streamline Operating Efficiencies
The branches are located in Lake Orion, Michigan and Ridgeland, Wisconsin. We are optimistic, based on the proximity of our other locations, that we will retain many customer relationships because of ...