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 Lexus IS 250 Colfax WI 54730 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 Lexus IS 250 Colfax WI 54730 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 Lexus IS 250 Colfax WI 54730 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 Lexus IS 250 Colfax WI 54730 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 Lexus IS 250 Colfax WI 54730 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 Lexus IS 250 Colfax WI 54730 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 2
Colfax WI - BingNews Search results
Carl R. Sandberg
Wi; six grandchildren, Ann Diab (George) of Las Vegas, NV; Douglas Trieb (Kristin) of New Hope, Mn; Brian Eggen (Abby) of St. Paul, Mn; Kristine Thies (Matt) of Colfax, Wi; Michael Sandberg (Justene) ...
Colfax community welcomes home Vietnam veterans
COLFAX, Wis. (WEAU) --More than 1,000 Wisconsinites gave their lives during the Vietnam War, according to the Wisconsin Historical Society. Now, 50 years later, a new memorial is honoring those who se...
Behind the mask: New pastor of First Baptist Church shares journey to Colfax
Wisconsin and Arizona. According to McDaniel, he and his family were looking for something new after serving a church in South Carolina. McDaniel said he received a phone call from the church, inquiri...
Ellen Geraldine (Peterson) Luer, 82, of Colfax, WI, passed away peacefully at Mayo Hospital in Eau Claire, WI, on Tuesday, June 5, 2018. Ellen was born to Martin and Selma (Tollefson) Peterson in the ...
Colfax youth remembered with tractor parade
The following story is reprinted with permission of Wisconsin State Farmer: COLFAX—Braden Lemler loved tractors, mostly red tractors. His proudest accomplishment was restoring a 1947 Farmall H tractor ...
Avis Kragness, 97, passed away on Wednesday, March 7, 2018, at Colfax Health & Rehab. She was born on March 28, 1920, to Enoch and Carrie (Rogde) Hoover, and was raised on a farm near Rock Falls, WI. ...
Phyllis J. Holt (Dennis)
Her family wishes to thank Dr. Rich, the staff of Autumn Village in Menomonie, WI and Colfax Health and Rehabilitation, Colfax, WI for the compassionate care and assistance to Phyllis and her family. ...
Colfax Health and Rehabilitation Center
A continuing-care facility or community meets a continuum of needs as residents age, from independent living to assisted living to nursing home care. Resident and family councils provide an organized ...
Transgender teen sues Wisconsin school district over restroom use, alleged discrimination
A transgender student filed a lawsuit against a Wisconsin school district Tuesday ... The Transgender Law Center and the civil rights law firm Relman, Dane and Colfax PLLC filed the federal lawsuit in ...