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Thursday, November 28, 2013

When Is A New Car A Better Investment Than A Used Car?

When you buy a new car and drive off the lot, the value of the vehicle immediately depreciates. However, this does not necessarily mean that buying a new vehicle is a poor investment. Although many individuals believe that used cars are always a better investment than new vehicles, for some people buying a new car might be the wiser financial choice. Here are some tips to help you determine whether you should purchase a previously owned vehicle or one straight off the factory floor.

Think About Features What You Need In A Car
First, you should think about what features you want in your next car. If you are anxious to enjoy the latest stereo equipment or really want a car with a built-in GPS system, you might be better off getting a new car. However, if you are content with just the basics, you can consider pre-owned vehicles.
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