How much does a car depreciate each year. $1000 or more. Does a used car depreciate once off lot?
If a new car loses $2000.00 once driven off lot what does a used car lose once off the lot? How many thousands of dollars does a car lose per year?
Suggest:
A used car doesn’t depreciate immediately like a new car does.
Imagine this situation: Someone you know bought a brand new car yesterday for $20,000. Today, they’re trying to sell it to you for the exact same price. Would you pay it? Or would you believe there’s something wrong with the car, and that they’re trying to dupe you? That’s the primary reason new cars have that depreciation, because they’ll never again sell for as much as they did that day. An immediate sell would invoke suspicion.
There is no set rate for depreciation. It can very depending on the original cost of the car, how many of them there are, mileage, condition, etc.
January 7th, 2009 | Posted in how to buy a new car | No Comments
What scams should I look out for when buying a new car?
I am a female and I don’t want to get ripped off! I don’t have too much knowledge about cars. I am planning to take my brothers with me when I get it.
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Ok, here goes, I just bought a car and I’m super happy – these are the things that work:
If you are buying a brand new car:
Find the invoice price. Basically go to yahoo search and type in
January 7th, 2009 | Posted in how to buy a new car | No Comments
What should I ask dealer to include when buying a brand new car?
I am trading in my 2005 fiesta to buy brand new Corsa sport. I’m nt sure if dealer is giving me the best deal or not, but what should I be asking him to
January 7th, 2009 | Posted in how to buy a new car | No Comments
Credit score is 592? what interest rate will i get for auto loan?
Bankruptcy discharged in Dec 05. I have good job, cash for down payment, looking to trade or sale my 01 lincoln ls in excellent condition… 88,000 miles.. i want a 06 used 4 car sedan: good mpg, dark color, reliable, and stylish? what do you recommend? i would also like recommendations on finance companies with my credit score being 592. I have cash for down payment. i am in the position to buy a car cash money but i would like to finance and get my credit back to good standard. i’ve never been in a position of being turned down for credit or get high interest rate. What interest rate should i expect to get and what company is good for financing and have the blank check option. That would make it alot easier for me.
Suggest:
Go to www.lifeafterbankruptcy.com Steve Synder give all the answers to any questions pertaining to bankruptcy. How to get a loan from bank, how to get loan for cars, how to buy a new home after bankruptcy, etc….you’ll have to sign up for a newsletter. He even tell you how to get your credit score up and more…check it out.
January 7th, 2009 | Posted in how to buy a new car | No Comments
What are the pros and cons of buying a brand new car?
vs buying a used one….
Suggest:
I have sold new and used cars. There are plenty of good things about buying a new car. One, of course, is that feeling of buying a brand new car. That smell. How it drives. It’s awesome. It does come with factory warranty ( always read fine print – they’re usually not as great as they seem ). But the biggest con, of course, is you lose about $4000-$5000 minimum as soon as you sign papers and leave the lot. I, as a used dealer, can go to the auction and buy 08 and 09 vehicles for way less than new. After you’re initial hit, they depreciate, but not as much. I would buy a late model used if I was you. It will usually still be under factory warranty but will usually come with the option to buy an extended one also. Check into them first.
January 7th, 2009 | Posted in how to buy a new car | No Comments