A Beginners Guide To Vehicles

Posted by sby on July 31, 2017
Auto & Motor

Guide to Buying New and Used Cars If you want to know what the difference is between buying a new and a slightly used car is that reality that the moment you get your new car then it starts depreciating 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. You would realize that the only difference between the brand new and the slightly used one is the smell and nothing else. 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. So this means it is not just the price but also the other charges that goes with it. The only benefit of buying a new car is fleeting or short-lived since many times it is only the psychological satisfaction of bringing home a new car or showing it off to your family, friends, and neighbors. When you take that out of the equation, what you get is both the short and long term benefit. Let me spell them out to you. The big issue with new cars is the sales tax which is non-negotiable. Though the percent depends on your state, New Jersey collects seven percent. Apart from that, New Jersey Department of Motor Vehicles also collects other fees for a brand new car.
Smart Tips For Uncovering Vehicles
Next is 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. This means that the amount of two year’s depreciation of new car 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? You save your three hundred thousand in the process.
Getting Down To Basics with Automobiles
The new features on brand new cars are responsible for making their prices soar but on your part if you buy a used car you can even have these same features installed by an after-market installer which can cost you a lot less. You can find new features like protective coating, additional sensor, or new look features which you can find in after-market shops. There is another thorn that you have to deal with when buying a new car and that is the dealer’s charge which is especially true when it is bank financed. Dealers tend to over charger you for every additional accessory that you want, and this extra charges will be spread out within the duration of the terms of payment you have with the bank.

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