Many people worry about the reliability of a used car. Used car dealers have been looked down upon for decades as shady characters selling questionable vehicles. However, the truth is that used cars can be wonderfully reliable and offer you an opportunity to own a safe vehicle at an economical price. Understanding the ways in which used cars offer good value can help you to make the right decision on your next vehicle purchase.
Vehicle Reliability
With each passing year, the average age of an automobile on the road continues to rise. This is due to the rapid increase in the reliability of modern vehicles over the vehicles of the past. The increased quality and dependability of contemporary cars, trucks, and SUVs make your choice to buy a used Mazda in Joliet IL, even easier.
New Vehicle Depreciation
When you buy a new vehicle, it will suffer significant depreciation in value as soon as you drive it off the lot. As a rule, a new vehicle will lose 20% of its value in the first year of ownership. This means that a new $20,000 vehicle will be worth only $16,000 a year after you buy it. When you purchase a used car, you are taking advantage of this fast depreciation to get a good price on a dependable car.
Performance Data
When new or redesigned vehicles hit the street, there is little information about how these vehicles perform. However, after a year or two, you will have lots of information from independent sources. With this data, you can determine real-world mileage, performance, and reliability. Those who buy the new vehicle must endure both the depreciation loss and the risk of new model issues.
