There are obvious advantages to buying a used car as opposed to a new one. The greatest advantage of course is the lower price that you pay for used cars for sale in Cherry Hill NJ. The largest downside to purchasing a new vehicle is the massive depreciation this takes place within the first few years of ownership. However, buying used cars for sale in Cherry Hill NJ that are just a few years old can provide you with major financial benefits.
The Sweet Spot for Used Cars
Many car buyers do not realize that there is actually a sweet spot when it comes to purchasing used cars for sale. When you invest in a car that is two to five years old, you are getting the benefit of a newer model vehicle without taking the hit of depreciation. You could save as much as $10,000 to $15,000 when you buy the vehicle and, in a few years, it will still be worth half of the price you pay for it or better if you decide to resell.
It is important to note that not all used cars for sale depreciate at the same speed. Luxury vehicles depreciate at a much higher rate, while the vehicles that are considered to be the most dependable depreciate at the slowest rate. Of all of the used vehicles for sale on the market, pickup trucks hold their value longer than any of the others.
