![]() Therefore, a used car will continue to depreciate as you drive it around Pittsburgh. This depreciation reflects its low price. It will continue to depreciate every year you own the vehicle.Ī benefit of buying a used vehicle is that most of its depreciation has already occurred. Your new $30,000 vehicle may only be worth $27,000 by the time you get home. Never think of buying a new vehicle as an investment because it loses up to 10% of its value when you drive it off the dealership lot. Used Vehicles Experience Less Depreciation The cost of a used vehicle on average is up to 50% lower than a new vehicle, which will enable you to pay it off faster and save thousands of dollars in financing fees and interest. A used car has a lower price tag than a new car, and this advantage allows you to buy a better-equipped model. ![]() ![]() Buying a used vehicle is a cost-saving alternative to purchasing a new one. ![]()
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