Ten Things You Should Always Buy Used
2. Cars
A true fact that cars lose their value as soon as they leave the factory floor, so even if you buy a new car after two days its resale value will be lesser. According to Auto experts at Edmunds.com, the moment you drive a brand new car off the lot it loses roughly 11 percent of its value and it continues to depreciate between 15 percent and 25 percent each year for the first five years. Buying a brand new car is everyone’s dream but it is always better to go for a second hand car as it will save you from paying installments, EMIs, initial cost and insurance. The only thing you need to do before buying a second hand car is just accompany a driver and check it overall to make sure that it doesn’t need a major repair.
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