Choosing a used car as a choice of vehicle is a smart choice. But before choosing a used car as a choice of vehicle, there are two important things you should know. One you must consider the Short term savings and the long term savings. It is important to reorganize the fact that the world’s economy is speedily changing to bad. And as such, decision to purchase things now should be judiciously and wisely made. A smart decision you made in choice of buying things is a plus to the need of the family. It also saves you from unnecessary stress. Let considered some of these factors that brings credit to your choice.
Short Term Savings
A brand new car bought today loosed its economical value in five or six month’s time. The same with a brand new car bought and used with a mileage of 50 or 60 kilometer loses its economical value. However, mechanically, such a used car has a great value. New cars typically depreciate about 20 or 25 percent when they are driven off the lot. Most cars will lose another 10 or 15 percent in value during the first year. That’s a 35 to 40 percent loss in value during the initial year of ownership.
A $30,000 car loses roughly $9,000 in value during that period. You can avoid that hit by buying a one-year-old used car. It has been observe that one-year-old used cars are hard to come by, but it’s becoming easier to find two- and three-year-old used cars. With a fairly used car, it’s possible for an owner to buy it, drive it and sell it with little loss in equity. With a experience, depreciation flattens out, usually after a car’s second year when the rate of depreciation dips before increasing again around year five.
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However, experience shows that buying something that is two years old and driving it until you cannot drive it any longer is the most important way of deriving the most benefits of your money.
Your smart choice of buying a used car has also helped you to save money in aspect of insurance. Key factor in determining the cost of car insurance is the value of the car. Because a used car has value than a new version, the cost of insurance should be less. More money can be saved because some elements of car insurance have dropped. Thereby, reducing the amount of money you would have spent in buying a car. Therefore, time has passed when you will say that buying a used car is caring another person’s troubles. Buying a fairly used car help you to save good amount of money and used part of the saved money to pay attention to other important aspect of your need. And at the time, enjoy a used car that has a great value of soundness.
Long Term Savings
In today’s day and age, so many factors contributes to increase in pollution, and global warming, we should consider buying cars that are fuel economy. By doing so, we can help reduce the damage that is being done on our environment. We are destroying our environment every day little by little by smoking, driving cars that are not fuel efficient, ruining our cars, wasting precious energy, not implementing the knowledge we know about environmental protection.
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A car that does not consume a lot of gas and gives the best possible mileage is a fuel-efficient car. How does a fuel-efficient or economy car give cleaner air? The lesser the fuel consumption of the car, lesser is the smoke that will come out of its exhaust. And this is because the tailpipe emissions coming from fuel-efficient or economy cars are lesser than the cars that are not fuel efficient. As a result, the damage done to the atmosphere is considerably less.
Gases, like carbon dioxide, carbon monoxide, nitrogen oxide, hydrocarbons, and particulate matter are let out by all cars. These gases are harmful to us as well as our environment. They aid in depleting our ozone layer, causing global warming, and bringing about climatic changes. Fuel-efficient cars help in reducing pollution and smog by at least 50%.
Many car showrooms today are drawing light towards our environmental issues and promoting the use of cars that are fuel efficient. Discussing factors, like fuel economy, environmental protection, and energy conservation–which are some of the key selling points of these vehicles–help in increasing environmental awareness.
When we are planning to buy a car, we should always ask the dealer the exact engine specifications, like the size of the engine, number of cylinders used, weight and size of the vehicle, etc., as all these factors affect the fuel efficiency or economy of the car. Cars with smaller engines burn lesser fuel, but some big-sized cars, such as those made of lightweight material like high-strength steel, fiber glass, aluminum, plastic, and other composite material are fuel efficient. When you buy a hybrid car, or even a car that is known to be fuel efficient, you know that you are doing the environment and yourself a favor. By conserving our environment, we are securing our future.
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