Unique Auto

Posts Tagged ‘audi used cars’

Now why don't we consider the topic of used cars. Should you buy used cars or new ones? New cars begin depreciating the second you sign the papers.  That makes the question a lot simpler to answer. Since a car is a depreciating asset, meaning in general cars lose value with time, the best money decision is to purchase the car when it will tend to lose less value. Maintenance costs are also a factor. The slightly used car is about the best for both concern. The big hit to car value has already occurred. That loss went to the original owner. The car is still in good condition, often still under warranty, so that it won’t have need for constant and costly repairs like  an older model car needs.

Continuing the discussion about used car prices : There are many places to look for late model used cars.  Dealerships take in trade-ins from customers who purchase or lease new vehicles. The dealers want to sell those cars. Companies like Carmax specialize in used automobiles, while eBay has an entire subsection dedicated to car auctions, mostly for used vehicles. There are car auctions in every city. These include police auctions of impounded vehicles as well as dealer auctions that might involve, for example, cars purchased from car rental companies. 

When dealing with used cars one will also want to consider fuel consumption and The most trusted source for used car prices is Kelly Blue Book. Categories include make, model, year and condition from poor to excellent. It also breaks down the prices between dealer sales and private sales. That does make a difference because dealers have overhead that private sellers do not have.

Have you considered financing? Think about saving up the pennies and making a cash purchase.  No matter how low the monthly payments or interest rate, paying cash is better. Yes, cars are status symbols. But bells and whistles can cost a lot of money. That can even mean a less stressful life. People with more expensive cars worry more about theft, accidents and wear. Not that used car owners like to drive junk, but a little ding or dent means less on a simpler model. 

Sure cars are a status symbol, but wealth isn’t based on what you spend. Wise spending turns into wealth. There are people living hand to mouth even though they earn a lot of money. Good used cars help the budget.