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New Vs. Used Car Calculator The average used car costs less than a new vehicle by around two-thirds. However, cost isn't the only factor to consider it's important to be aware of factors like the amount you travel, length of ownership, and your personal preferences. To determine if this is the right choice for you, take the time to answer these questions to get personalized guidance. If you decide to purchase a new or used vehicle? On the surface, it will cost you less money. However, buying used could result in a loss of the most recent available features. It is an ideal option if you like spending more and would like the latest features as well as lower initial maintenance costs. The benefits of buying the latest model include greater reliability, higher rates of interest and the ability to customize your purchase directly to your needs. But it also carries an increased cost of purchase which is more costly and an increased rate of depreciation. When shopping for new vehicles ensure you're ahead of time and try out different models of the vehicle you are looking at. Considerations when buying used A is that it has no history of driving and may have costly maintenance expenses. But it's more affordable, have lower insurance rates and depreciate at a slower rate. If you are looking for a used vehicle, think about a second option. This car will have the perk of a low cost, but still have the security of a car which is properly maintained.
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