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Advantages and Disadvanatages of Used Cars
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Content Summary :
ADVANTAGES AND DISADVANTAGES OF USED CARS Nearly two out of every three cars sold are used cars. Many consumers, especially teenagers, cannot afford to buy a new car when the average price is approximately $18,000. The cost of insurance is much higher for a new car, increasing the demand for used cars. The supply of used cars has increased due to the number of two and three-year-old lease cars available. There are real advantages to buying a used car. The buyer of a used car avoids some of the depreciation costs, which can be up to 40% of its value in the first two years. Sometimes, buyers can afford more options and luxury items when they purchase a used car. Many consumers feel that they can arrange a better deal with less hassle if they buy directly from the owner of the car.
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