Buying a new car can be an important decision for many people. The biggest decision is usually whether to buy a brand new car or one of the many pre-owned cars in Anchorage, Alaska. There are a few key aspects to weigh before making a decision. Price The biggest difference between a new car and a pre-owned one is the price. Pre-owned cars are significantly less expensive. As a car ages, its value depreciates, with the biggest dip happening in the first year. Not all models will depreciate at the same rate, with sports cars and trucks losing value slower than other cars. On average, cars will lose 30% of their value in the first two years. After that, depreciation slows allowing the owner to recover more of their initial investment. Selection Because of the depreciation, pre-owned cars will have a lower price than new ones. This opens a wider selection of cars to fit a buyer’s budget. Many times, new cars have the same features as a car that may be a few days old. Newer luxury cars that may be out of a buyer’s price range can easily be purchased as a pre-owned model. In the last decade, manufacturers and dealers have embraced this trend with certified pre-owned cars, meaning the dealer has inspected and repaired the car to almost like new condition. Repairs Since a pre-owned car has a lower value than a new one, insurance premiums are less than on a new vehicle. The insurance company does not have to pay as much to replace a pre-owned car. Replacement parts are also easier to obtain and at a lower price, whether from aftermarket suppliers or from a junkyard. This can offset the availability of a comprehensive warranty for the car. Many people find that a brand new car is the only way to go while others prefer a lease. Others, though, find the benefits of pre-owned cars in Anchorage, Alaska is the only option.
Related Articles -
Pre-owned, Cars, Anchorage, Alaska,
|