Posts Tagged ‘Carfax’

All Used Cars are not Created Equally

Wednesday, July 5th, 2017

More people are buying preowned vehicles these days—for lots of good reasons.

First, you will save thousands of dollars. Yup, thousands. Why? Because new cars depreciate as soon as you drive them off the dealership lot. It is no longer considered a new car. Just like that, it has less value by quite a bit of money.

In America, an average new car costs $33,500. The average used car costs just over $20,000. That’s a big difference. According to Consumer Reports, after three years your brand spankin’ new car will be worth just 54 percent of what you paid for it. Buying a used car saves you a lot from the get-go.

We thought it might be helpful to share a few reasons why buying a used car makes sense:

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