We’re counting down the days to the end of the year. For many, it involves looking back at this year and making plans for the next one. If you’re thinking about starting the year with a new car but can’t make up your mind about whether used or brand new, here are some things to consider:
Reputation
Nowadays, you can find relevant and reliable information on any car model online. From forums to specialized blogs, you can now answer any questions about a model you might have in mind.
If you don’t have one, a couple of hours of research can give you all the information you need to find one that fits your needs.
However, information about a brand-new car is limited to specialty magazines. Like TV and film award shows, you can’t be sure that new model reviews are unbiased or paid promotions.
However, if there’s a model that’s been out for a couple of months or years, there can be a lot more information available from people and their experiences online.
Hype is very rarely as well-founded as reputation is.
Depreciation
You work hard for your money and want to get the most out of every investment you make. A car is a substantial investment that loses its monetary value with every inch.
Now, the real value of a car isn’t how much it can resell for but how good you can get out of it. All cars have the same function: moving you from place to place. What varies is the level of comfort, reliability, and cargo they can manage, plus the style.
If you value every cent of your hard-earned money, you’ll want something with a reasonable price/value relationship.
If a car loses around 40% of its value during the first year alone but can last up to 10 years, you’re getting 9 years of the same car for about half the price by buying that same car with one year of use.
Work Hard, Pay Smart
Some people like to buy cars as a status symbol. They’ll throw money out the window to buy a brand new Audi or a fully loaded SUV to drive around in, whether they need it or not.
Those same cars can be preowned in the same price range as an essential, entry-level brand new car. If you’re looking for an upgrade, then take a peek at used auto dealerships in Calgary can get you something with better specs and features than your average sedan.
It’s not always about how much money you have but how smart you are in your purchases.
Here at House of Cars, we are used auto dealers in Canada with a wide variety of pre-owned vehicles for sale in different price ranges and with credit-rebuilding payment plans so that you can play your finances smart.
So come by and consider getting yourself a new set of wheels to carry you to the new year.
