Warranties on late-model vehicles are extensive, and cover nearly any problem from one end of the car to the other. Usually, owners of late-model vehicles are only required to replace the tires, battery, and brake pads. The factory warranty is transferred to the new owner, and extends out for the life of its term, usually lasting 36,000 miles/3 years up to 100,000 miles/10 years. Before purchasing any vehicle, it is important to check over the warranty to see how long it lasts. Saving on Depreciation Studies indicate that the value of a vehicle can depreciate by as much as 47 percent in the first 36 months of its original sale. This substantial depreciation happens almost instantly, once the new vehicle is driven off the lot. Alternatively, individuals that purchase used cars can save substantially by avoiding major depreciation. In fact, older vehicles tend to depreciate at approximately 10 percent every year, while still providing a smooth ride for their owner. Low Interest Rates Many individuals interested in buying a vehicle tend to shy away from used cars because they think the interest rate is too high. However, the opposite is true. This is because far more used cars are sold every day when compared to new vehicles. Lenders are eager to offer a variety of loan options for purchasing used cars. Their low interest rates are only slightly higher than those offered on new cars. Even with the slightly increased interest rate, monthly payments tend to be lower than on new vehicles. Many of the same safety features on new vehicles are available on used cars, trucks, SUVs and minivans. This includes airbags, electronic stability control, track control, anti-lock brakes xenon lights, and other effective safety equipment. Purchasing used cars makes good financial and safety sense for anyone interested in saving money while enjoying a beautiful ride, check out http://www.hertzcarsales.com. More and more people who are searching for a low-cost mode of transportation are now buying their used cars from websites such as http://www.hertzcarsales.com.
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