What Do You Know About Cars

Posted on Posted in Auto & Motor

Advantages of Buying a Used Car When it comes to the difference between buying a new and a slightly used car – is the fact that the moment you get your new car, it right-there-and-then depreciates enormously. If you want to know how much has been written off from the price you got it for then try selling this new car. And the only difference would be that the new car smells better. Besides, other than the depreciation value of a new car, a zero meter car will incur other associated charges and subsequent cost not comparable to a used car. Which means, that it is really not just the matter of the sticker price but what goes with it as well. Thus, the only benefits to buying a new car is the psychological satisfaction of bringing home a new car to show off to your family, friends, and neighbors which is such a fleeting or short term benefit. Here are some of the short and long terms benefits of buying a new car, when the psychological benefits are removed. Sales tax for new cars are non-negotiable and therefore is a big issues. Though the percent depends on your state, New Jersey collects seven percent. Aside from the sales tax buying a new car in New Jersey will have the Department of Motor Vehicles collect other fees.
A Brief Rundown of Vehicles
Think about the idea of depreciation value. Let us take the example of buying a brand new car for a million dollars that you have been using for a year. The value of your car after a year and a half would go down to around six hundred to seven hundred thousand dollar instead. Which means that the amount of the car depreciating after two years is enough to buy a two year old depreciated used car. So after two years the value o your car would be equal to a two year old depreciated car, so why spend a million for a brand new one? The three hundred thousand saving is a big saving!
A Brief History of Vehicles
With the new features on brand new cars, you can just imagine how much they will cost when you purchase a brand new car with all these new features, and this is a lot more costly than when you have an after-market installer put them together on your slightly used car. You may want to add new features like protective coating, additional sensor, or those new look features which are all found in after-market shops. Dealers charge is another thorn in one’s side when you buy a brand new car, and this is especially true when it is bank financed. Dealers tend to not only over-charge you for every additional accessory that you want, after-all the additional charge will be spread out within the duration of the term of payment you have with the bank.