Never Buy New
It is always hard to advise people on how to go about buying a car.
Everyone has different tastes and needs, but there is one piece of
advice that I am never afraid to give out – never buy new! It may
sound strange to say that, but if you look at the facts, I am sure
that you will agree.
The bottom line is that new cars lose their value faster than a house
in an earthquake. Every mile adds towards your loss like no other car.
When a car reaches a certain age, usually around three years, the drop
in value every year diminishes. At first, you can expect to lose an
enormous amount, but if you buy yourself a five year old car and look
after it for a year without putting more than about ten thousand miles
on the clock, the chances are you will only lose about £500 on the
value, depending on the make and model of course. This, compared to a
loss of thousands on the value of a new car after a year.
On top of that, you can get all the benefits of a new car, in a nearly
new car. You will still have the same level of refinement, and most
new cars are just getting run in after a couple of years, so they will
run just as well as they always have done. Look for second hand cars online, find a
decent price by conducting a comparative search, and grab yourself a
bargain!
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