While new cars are tempting, for either prestige or just the latest technology, it is not always a wise financial decision if you consider it an investment. More people are going the second-hand way for the following reasons; Depreciation Here is the catch, ALL CARS DEPRECIATE, especially the brand-new ones. Just by driving it off the parking lot, a car depreciates by up to 20%. It will depreciate for an extra 10% or more in the first year of use. This means that typically, a car depreciates by more than 30% in the first year of use. Shockingly, other reports rate it at 50%. Depreciation flattens out in the second year of ownership and increases again in the fifth year until you can no longer drive it again. Very few people would love to have the same car for more than six years. Visit here to get more info about best used car dealerships in houston. This means that owning a car in its third year is a better idea as it will depreciate very slowly as compared to a b...
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