Many people have major fears of buying a used car, they will walk in a dealership and simply go for a new car. Well, lets look at why some of us get to drive BMW, Mercedes and Audi for the price of your Toyota Camry.
Here are some facts you should know before we discuss why:
- American cars hold the worst resale value
- Aftermarket warranties are not as effective as manufacturer’s warranties
- Car depreciate for a total of five years, no matter the miles
- After five years, it becomes a cash car, and mileage does matter
- 0% financing deals are simple lies that save you nothing in the end
- Dealers make money from all ends: the car, financing, warranty, etc
