Posts Tagged Cars

Why Classic Cars Are Better Than New Cars

1. It makes financial sense

The moment you drive your run-of-the-mill chunk of far Eastern plastic and metal off the forecourt you lose 30% of its value straight away in depreciation. You no longer own a new car – you own a second-hand one! But if you invested in a cracking little classic in good condition – and kept it smart – the chances are it should at least hold its value (and in some cases it might even increase in price).

2. Better insurance deals

Read the rest of this entry »

Tags: , , ,

Related posts

Used cars Libertyville: Toyota models rank among best local pre-owned options

If you’re like me, the recession took a huge chunk out of your pocketbook. You’ve been looking around trying to find ways to save, but ultimately you have to spend to survive. And when a new vehicle I had recently purchased took a turn for the worse, I knew I would have to cut and run. Now, some potential Waukegan used cars buyers might not even realize it yet, but they won’t be buying new this year.

Yes, Cash for Clunkers offered some pretty unbeatable deals, but it also pigeon-holed a lot of potential car buyers into a buying a new vehicle—a move that immediately depreciated that value of their purchases as soon as they drove the vehicles off of the lot. So, many local buyers are turning to their Gurnee used cars dealership to bail them out of the hailstorm of new vehicles offered by still struggling manufacturers across the globe.

Read the rest of this entry »

Tags: , , , , , , , , , ,

Related posts

The pro and contras of new and used cars

New car loses almost 40 percent of the total value within 3 years, and the depreciation started to slow down afterward. The previous car owner will have absorbed the steepest part of this depreciation cycle.  Another benefit of getting the used car is the lower cost, and you will pay a lot less than what you pay for the new one. You will also save more on financing costs, car insurance, or auto insurance cost, insurance premiums, registration and licensing fees. So why not go for the used car?

Read the rest of this entry »

Tags: , ,

Related posts