Auto & Motor

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New Car or Used Car: Which is More Beneficial The difference between buying a new car and a slightly used car is almost nothing since the new cars starts depreciating enormously once you get it. If you imagine selling this new car that you have just acquired immediately then you will know how much has been written off from the price your got it for. Mind you, the only difference is that good smell of a new car, nothing else. And not only the depreciation value of a new car, a zero meter car will also incur other associated charges and subsequent cost not comparable to a used car. So this means it is not just the price but also the other charges that goes with it. Suma Total, it is after all only the psychological satisfaction of bringing home a new car or show it off to either your family, neighbors and friends – which is fleeting or a short-term benefit. Here are some of the short and long terms benefits of buying a new car, when the psychological benefits are removed. The big issue with new cars is the sales tax which is non-negotiable. There is seven percent tax in New Jersey but this really depends on your state. Apart from that, New Jersey Department of Motor Vehicles also collects other fees for a brand new car.
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Next is the idea of depreciation value. Let us take the example of buying a brand new car for a million dollars that you have been using for a year. The value of your car after a year and a half would go down to around six hundred to seven hundred thousand dollar instead. What this means is you can buy a two year old used car with that depreciated amount of your two year old car that you bought brand new a million dollars. It would seem that spending a million dollars on a brand new car only to have the same amount as a used car after two years is quite foolish. If you buy the two year old used car, you save around three hundred thousand dollars.
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New car manufacturers always try to come up with new features which brings up a hell lot more costly than when you have an after-market installer put them together on your slightly use car. There are many new features that you can add to your used car which you can find in after-market shops like protective coating, additional sensors, or other new look features. Dealers charge is another thorn in one’s side when you buy a brand new car, and this is especially true when it is bank financed. Dealers tend to over charger you for every additional accessory that you want, and this extra charges will be spread out within the duration of the terms of payment you have with the bank.