Why People Think Automobiles Are A Good Idea

Posted on Posted in Auto & Motor

New Car or Used Car: Which is More Beneficial The difference between buying a new car and a slightly used car is almost nothing since the new cars starts depreciating enormously once you get it. The proof, imaging selling one at once and you will see how much has been written off from the price you got it for. Mind you, the only difference is that good smell of a new car, nothing else. And this is not all, other than depreciation value of the new car, there are other charges and subsequent costs associated with a zero meter car not comparable to a used car. Which means, that it is really not just the matter of the sticker price but what goes with it as well. Thus, the only benefits to buying a new car is the psychological satisfaction of bringing home a new car to show off to your family, friends, and neighbors which is such a fleeting or short term benefit. If you take out this psychological benefit out of the equation, you get both the short and long term benefit which are given below. Sales tax of a new car is a big issue because they are non-negotiable. The sales tax depends on your state thought New Jersey collects seven percent. There are other fees for brand new cars collected by the New Jersey Department of Motor Vehicles.
Getting Down To Basics with Automobiles
Next is the idea of depreciation value. Assuming that you have been using your brand new car for a year that cost you a million dollars. In one and a half years-time, its value would be somewhere around six hundred to seven hundred thousand dollars instead. What this means is you can buy a two year old used car with that depreciated amount of your two year old car that you bought brand new a million dollars. It would seem that spending a million dollars on a brand new car only to have the same amount as a used car after two years is quite foolish. The three hundred thousand saving is a big saving!
A Quick History of Vehicles
New car manufacturers always try to come up with new features which brings up a hell lot more costly than when you have an after-market installer put them together on your slightly use car. You can find new features like protective coating, additional sensor, or new look features which you can find in after-market shops. Another thorn in one’s side when buying a new car is the dealer’s charge especially when it is financed by the bank. Dealers tend to not only over-charge you for every additional accessory that you want, after-all the additional charge will be spread out within the duration of the term of payment you have with the bank.