Posts Tagged ‘Carfax’

All Used Cars Are Not Created Equally

Wednesday, July 5th, 2017

More and more people are buying preowned vehicles, and for lots of good reasons! First of all, you will save thousands of dollars. Yup, thousands. Why? Because new cars depreciate, and quickly. If you buy a new car and drive it off the lot, then drive it back to the dealership, it is no longer considered a new car. Just like that, it has depreciated. In America, the average new car costs $33,500. The average used car costs just over $20,000. That’s a big difference. And according to Consumer Reports, after three years your new car will be worth just 54 percent of what you paid for it. So buying a used car saves you a lot from the get-go.

At Barrett Motors in Sachse, Garland and Rowlett, we thought it might be helpful to share all the reasons that buying a used car makes sense. (more…)