The Real Value of Used Cars
It’s three in the afternoon on a Thursday, and you’re sitting at your desk. You are bored and your boss is out of the office, so you decide to scroll on over to the Mercedes Benz website and check out the new E class models. You salivate and fawn over the pictures, engine specs and features until your eye lands on the price: starting at forty eight thousand dollars. Your stomach turns and you feel a little dizzy. How can a car even cost that much, you wonder with disappointment. Well, it won’t if you buy a used car instead.
Used cars are amazing alternatives to buying new because it allows you to consider your dream cars without having to consider their off the factory line price. It is estimated that in the first six months of being manufactured a car, depending on the make and model, will lose between thirty and fifty percent of its value. Now if you are the original owner, this is a hefty blow to your net worth, however if you are a savvy pre-owned shopper this is a huge benefit. Take our friend who loves the E class as an example. Sure, he doesn’t have fifty thousand dollars to spend on a car, but if he buys used he could get an E class from two or three years ago for closer to almost half the price. Now that is a significant price cut that brings the unattainable Mercedes to a more affordable level.