Used Cars - All the Used Car Advice you Need

Guide4Home Used Cars



At the moment, new-car initiatives are very strong. You can get low-rate financing as well, so you might think its not the time to buy used cars. But remember that the minute your car leaves the car lot it loses about 20% of its value and becomes a used car. Used car prices are then differentiated by the speed of the depreciation of the different cars. If you are buying a used car then you may be more interested in buying a new car that loses a lot of its value over the first time period, so that the value it loses once bought isn't so quick. But if as a new car it doesn't lose a lot of value immediately it may be that you should wait before buying it as a used car.

There are some exceptions as to the reason some cars lose value rapidly its because they are known to be troublesome as they age. These are the used car models that you would want to avoid. Sometimes, rapid depreciation is based on changing tastes and the intangibles instead of the practical demerits, so these would probably be best buys on the used-car market. However, cars like the Toyotas and the Hondas, which depreciated slowly, could be excellent choices due to their long-term reliability and the amount of useful miles that remain. But they do cost a lot secondhand.

Prices have dropped on the whole, and the used-car prices haven't really followed industry rules. From 2001 to 2002 there was a big supply increase meaning that the used-car Consumer Price Index hit the bottom in 2004, but it is likely to go up. New car prices are also expected to rise, which will tend to have a direct impact on used vehicles.

There were some new car incentives which have dropped down to used-car prices as well. Cars sold with heavy incentives are found to be cheaper when they get to used car lots. Also, since 1999 used-car prices as a percentage of new-car prices has been on a trend downwards. The cars that dropped most in price are the minivans, full-size vans, midsize SUVs and full-size cars whilst compact cars and the midsize cars have substantially dropped. Luxury- and mini-SUVs and the big pickups have declined the least. Dealers are paying more at auction for these types of vehicles so you will too.

Whatever you decide to do, try to make sure that you are careful with your financing. Try not to owe more to the finance company than the car is worth as if you have to sell it then you still end up owing money which isn't good. So, buy within your means.

Home | Legal | Contact Us | Advertise with Us | Site Map | Privacy ©Guide4Home

Home Leisure

Used Cars
Buying Used Cars
Buy Used Cars
Buying Used Cars
Cheap Used Cars For Sale
Used Cars Buying Tips
Best Used Cars
Used Cars Quotes
New Used Cars
Test Used Cars
Used Cars and Trucks
Selling Used Cars
Sell Used Cars
How To Sell Used Cars
Used Car Sales, Buying & Selling Tips
Used Car Sale Conciderations
Used Car Selling Tips
Find Used Cars
Search For Used Cars
Used Car Finder
Used Car Listings
Used Cars Information
Used Car History
Used Car Information
Used Car Reviews
Used Cars Guide
Used Cars Rating
Used Cars Lemon Law
Used Cars Report
Used Car Pricing
Pricing Of Used Cars
Used Car Pricing
Used Cars Value
Used Cars Price Guide
Used Cars Blue Book
Used Cars Finance
Used Car Warranty
Used Cars Finance
Used Car Loans
Used Car Financing
Used Car Deals
Used Car Dealers
Used Car Deals
Used Car Auto Dealers
Used Car Classifieds
Used Car Websites
Used Car Lots
Used Car Dealerships
Used Car Auctions
Used Cars Online

 

Back to: Home Leisure Contents Page