Used Cars: More Popular Than New Vehicles
|   Monday, December 23, 2013
Now the dark days of the recession are behind us, a number of industries are recording better sales figures as consumer enthusiasm returns. No one expects the economy to repair itself overnight, but things are definitely moving in the right direction. Many of us are now starting to plan what to do with the extra cash we have, and some businesses such as the used car market are beginning to reap the benefits.

Used car sales figures have been remarkably healthy
800autoland.com/" class="titleNews">with used cars in NJ being particularly popular throughout 2013, and the trend looks set to continue in 2014. But just why are used cars so popular, when car manufacturers are constantly churning out new models? The new car sector is struggling and the sales figures are far from pre-recession levels, but the used car option is more popular.

But why?

In the past, part exchanging saw a dealer give you a poor price on your old car, which knocked very little off the price of the new vehicle, but now car dealers are offering higher prices, which are actually making a dent in the cost of the new car. If people are getting a good deal, they are far more likely to consider changing their car.

A used car holds value far better than a spanking new one. The second you drive the new car off the forecourt you lose a big chunk of the resale value, whilst a used car will maintain its price for a number of months. It just makes better financial sense to go with the old over the new.

By the time you tally up all the costs involved with a new car, as well as any financial losses you may incur, it almost becomes not worth it. Yes you get the new car smell and the fact that no one else has driven it, but the smell fades and the novelty of the car soon wears off. I purchased my car when it was eight months old, which meant it still had low mileage and an almost new interior, but it was £3,000 cheaper.

It is easy to see why the used car industry is doing so well, although people are recovering from the financial hardships of the recession, they are still trying to be savvy with their finances and this includes the car they drive and the amount they are willing to spend on a newer vehicle.

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http://www.pulpengine.com/2013/11/buying-cars-important-steps/
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