This may sound unbelievable, but a used car can have more value than a new one. Will it interest you that a brand new car seizes to be a new car from the moment you drive it out of the dealership? This is one of the uncomfortable realities you need to bear in mind when you want to buy a car. If you change your mind about the new car some 48 hours after buying it and decide to return it, you will not be able to resell it at the same price for which you bought it. As a result, there will not be little or no difference between you and someone that opts for used cars in El Cajon. The value of a new car depreciates almost daily and you must be fully aware of this.
In the remaining part of this write-up, we will show you some other features that make a used car a better choice when buying a car in El Cajon.
New cars are overpriced
One of the factors that make many people run away from buying new cars is that new cars are overpriced. As described earlier, the price reduces drastically a few weeks or months after buying it. So, there is no point in buying a new car when you can buy that same car as a used one from a previous owner just a few months after the other person has bought it as new. It is surely worth the wait since you will be getting it at a very cheap price and without much damage to the car.
The rate of depreciation is very high in new cars, unlike used cars in El Cajon. This is why new cars lose value very fast from the moment you buy them. The depreciation can be so pronounced that you can end up buying a new car of $50,000 for just $25,000. As an original owner of the car, you will end up paying a lot of money that will translate to a loss in a few years. You will lose money less quickly if the car you are buying is a couple of years old unlike if you buy it newly. The big initial depreciation will be completely avoided if you buy a used car instead of a new one.
No tax worries
New cars attract a huge amount in the form of tax. Many adverts on new cars try to avoid the issue of tax; this is because they do not want you to be discouraged about purchasing a new car. You will have to part with a lot of money in the form of tax when you buy new cars; this is never the case when you buy used ones.