A new car can lose as much as 40 percent of their value during the initial five years. To cut costs it’s a good option to purchase a five-year-old vehicle. Many used vehicles come with approximately 60,000 miles. The new owner will have plenty of miles with less cost to his or her wallet.
The best time to buy the car between two and eight years old. It’s also smart to buy one with between 24,000 and 96,000 miles on the clock. When that time comes, the worst of depreciation is over. In addition, the car will be extremely efficient at this point.
To get the best value in buying a used car, prospective buyers must research the vehicle by comparing prices and make sure to select the best financing. Edmunds.com as well as KBB.com offer accurate estimates on the value of a pre-owned vehicle. These websites show potential buyers the price they should expect to pay in a dealer and also an independent seller. The prices can be significantly different.