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Buying Used Cars That Are Relatively

Buying Used Cars That Are Relatively

Posted On 11 Nov, 2013

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When buying a used vehicle, what should be its optimum age?

Is there any real difference between the performance of an old vehicle and a new one? In the used vehicle market, it can be difficult to decide which way to go. Vehicles can range from being almost brand new to being ten years old. On the flipside of being spoilt for choice, it makes for a very hard decision.

It is an undeniable fact that the first few years of a vehicle’s life are generally smooth. In addition, new vehicles are typically covered by a comprehensive warranty which is an incredible bonus and not to be sniffed at. If you are feeling at all dubious about the idea of a used vehicle over a new edition, buying a young one should appeal to you. These ‘younger’ vehicles do not have the wear and tear of older models; they’ve simply not been around long enough.

Vehicles usually lose around forty-five percent of their value during the first three years, in comparison with approximately twenty-five percent additional loss in the next three. This can vary greatly amongst models. For example, the 2004 BMW 3 Series has held its value well, only losing around twenty-five percent of its overall value during the first three years, whilst the 2004 Cadillac Seville depreciated rapidly, losing over sixty percent in the same time frame.
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Vehicles that are younger come with a number of feature based positives. Buying a vehicle which is between 6 and 24 months old ensures that you get most of the latest safety advances. These include – electronic stability control, LATCH child-seat restraints and more advanced frontal air-bag systems. This is true for the other features as well – automatic locks, air conditioning, entertainment systems, etc. are more likely to be with the times when the car is less than two years old. Apart from the above, the vehicle’s well maintained body and colour contribute to its overall demeanor and appeal to buyers. For example, Hertz sells a variety of 2012 models of Golf that look as cutting edge as any other new vehicle.

In conclusion, pros and cons for any age group of vehicle exist, without a doubt. However, if you are buying one that is less than two years old, the tradeoff between the cost and the benefits is favourable. Basically you are getting almost all of the benefits of a new vehicle, for a fraction of the cost.

To be able to purchase an almost new vehicle, with fewer problems, less price, a modern look, and advanced safety and interior features is an incredible good bargain.

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