Much of a vehicle's value is lost during the first few years of ownership, with less depreciation occurring later in the car's life. By purchasing used instead of new,you let the first owner absorb the massive depreciation hit, giving you a much lower-priced car that will depreciate more ...
Buying a used car can be time-consuming, expensive, and risky, so it's important to do it right. Here's what you need to know — start to finish — about the used car buying process.
While getting behind the wheel of a new or used car can be a lot of fun, few buyers find the process of negotiating the price of a vehicle an enjoyable experience. With some preparation and persistence, though, you can …
Sooner or later, we would like to upgrade the vehicle we are driving and get rid of the old one. The best way to do that is to resale it and use the money to cover part of the payment for the new one. As the car value depreciates with time, it is important to know how to ...
New cars generally depreciate more quickly than older ones. A commonly quoted statistic says that new cars lose 10 percent or more of their value the minute you leave the dealer’s lot, and it’s true that any vehicle will lose value more rapidly during the first five years of ownership....
Buying a gently used car is regarded by many as the best way to save money when purchasing a vehicle. The logic is that new cars depreciate considerably the moment you take them home from the dealership. But buying a used car isn’t always the smartest choice from a financial standpoint....
It takes time for you to depreciate a vehicle on your taxes. Image Credit:Adam Hester/The Image Bank/GettyImages The U.S. tax laws allow businesses to recover the cost of purchasing tangible assets through a process called depreciation. When you depreciate an asset, you deduct a part of it...
Whether you’re a seasoned veteran or brand new to the process, we’ve compiled a few tips to help you choose a vehicle you’ll love without breaking the bank.
There's one very good reason to consider buying a used vehicle versus a new one: depreciation. A new car willdepreciate10% in the first month it leaves the lot and 20% within its first year. After five years, the average car is worth about 40% of its original price.1 That might be...
There's one very good reason to consider buying a used vehicle versus a new one: depreciation. A new car willdepreciate10% in the first month it leaves the lot and 20% within its first year. After five years, the average car is worth about 40% of its original price.1 ...