In recent years, economic difficulties have made many a Florida car buyer look for ways to practically get the vehicle they need. And buying used autos Ft Lauderdale FL dealerships are selling is something a lot of people choose to do. But does it really help you save money when you opt for used cars?
If you are still a little unsure about making these types of purchases, taking into consideration a few points will help you make your decision. Point number one is that a brand new car decreases in value very quickly, as much as 30 percent in fact, the very minute you drive it off the lot. Additionally, most new cars will lose another ten percent during its first year; a total of 40 percent in depreciation in just one year. This means that a 30,000-dollar car will lose as much as $9,000 to $12,000 in value during the first year.
To help you avoid that much depreciation, why not look at year-old or two-year old cars sold by local used car dealers? With a two or even three-year old car, you can purchase the vehicle; drive it around for another year or so and resell it without losing a lot of money because the car retains much of its value during this time, allowing you to resell at a good price.
This means you get to buy the car you really like at affordable prices and resell it later on without losing a lot of money. Many people nowadays also choose to buy used autos Hollywood Florida dealerships offer because - are you sitting down? - used cars are a lot cheaper to insure than brand new ones. You need to understand that car insurance premiums are based on the value of a vehicle. So the higher the value, the more you need to pay to protect the car.
Obviously, you can save money insuring a used car since they are priced much lower than a brand new one. In fact, if you purchase a car that's old enough, you don't have to get theft insurance for it, thus saving you a lot of money.
There are also sites like Hertz Car Sales that you can check out to gather information about used cars and tips on saving money when you buy one. Another reason why obtaining a used car will save you money is that it will cost a lot less to register. In most states, registration fees are computed based on the car's purchase price; the lower the transaction price on the car, the more affordable it is to register.
If you are still a little unsure about making these types of purchases, taking into consideration a few points will help you make your decision. Point number one is that a brand new car decreases in value very quickly, as much as 30 percent in fact, the very minute you drive it off the lot. Additionally, most new cars will lose another ten percent during its first year; a total of 40 percent in depreciation in just one year. This means that a 30,000-dollar car will lose as much as $9,000 to $12,000 in value during the first year.
To help you avoid that much depreciation, why not look at year-old or two-year old cars sold by local used car dealers? With a two or even three-year old car, you can purchase the vehicle; drive it around for another year or so and resell it without losing a lot of money because the car retains much of its value during this time, allowing you to resell at a good price.
This means you get to buy the car you really like at affordable prices and resell it later on without losing a lot of money. Many people nowadays also choose to buy used autos Hollywood Florida dealerships offer because - are you sitting down? - used cars are a lot cheaper to insure than brand new ones. You need to understand that car insurance premiums are based on the value of a vehicle. So the higher the value, the more you need to pay to protect the car.
Obviously, you can save money insuring a used car since they are priced much lower than a brand new one. In fact, if you purchase a car that's old enough, you don't have to get theft insurance for it, thus saving you a lot of money.
There are also sites like Hertz Car Sales that you can check out to gather information about used cars and tips on saving money when you buy one. Another reason why obtaining a used car will save you money is that it will cost a lot less to register. In most states, registration fees are computed based on the car's purchase price; the lower the transaction price on the car, the more affordable it is to register.
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If you want to know more about preowned cars Ft Lauderdale then visit their internet page at http://www.hertzcarsales.com for more details.
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