It is nice to buy a new car; that new car smell along with the excitement is hard to beat. The problem with a new car is; it doesn’t stay new for very long, as a matter of fact in the eyes of the market it starts to lose value the moment the front wheels hit the street. Depreciation is high on any new car, it can easily be 20 percent in the first year alone, after three or four years its worth only half of what you paid.
Buyers of used cars in Woodbine NJ know this and take full advantage of it. In the past perhaps a four year car wasn’t worth having, today however, with new materials, designs and manufacturing techniques a car can comfortably last for ten years or more. A used car is well worth considering; a $30,000 car with 30,000 miles after two years will only be worth $20,000; a massive amount of depreciation that somebody else has paid for.
There are a couple of other ways to save money when you buy a used car:
- Consider CPO: There are two types of used cars, those that are certified and those that are not. Although a certified pre owned car will cost a little more than one which is not certified, in the long term it usually works out less. A CPO car has been put through a battery of tests and inspections by the manufacturer, any that was wrong is put right and the car is offered with a warranty.
- Buy from dealer stock: Buying off the lot does mean that you may have to be a little flexible, on the flip side, the dealer wants to move existing inventory quickly. Under these circumstances you can often negotiate a little better price.
It is always good to know how the business works; once you take the time to do research before you buy you can be sure of getting a great deal on used cars in Woodbine NJ.
