Find out Why You’re Better off Purchasing a Used Vehicle, Instead of a New Vehicle

Written by Channel 8 Cleveland on December 30th, 2013. Posted in Cars for sale rochester ny, Rochester ny car dealers, Subaru dealer ny

Used car dealerships in rochester ny

If you’re in the market for a vehicle, buying a used car is a great way to save money, compared to purchasing new. Yes, paying a lower purchase price for the same used car model instead of a new model is usually the main reason to buy a used car; however, there are other reasons to purchase used as well. For example, purchasing a new car is typically considered as a poor investment; in fact, it’s not much of an investment at all. New cars typically depreciate about 20% the second they are driven off the lot. After the first year of use, a new car will typically depreciate an added 10%, totaling a 30% loss in value during only the first year of ownership. According to Time Magazine, the average price among new car sales in 2012 was $30,500. Compare that figure, to the average depreciation v