If you are ready to pull the trigger on a new car, buy a gently used car rather than a new one. New cars lose a tremendous amount of value in the first year of ownership, AAA official Greg Brannon says.
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If you are ready to pull the trigger on a new car, buy a gently used car rather than a new one. New cars lose a tremendous amount of value in the first year of ownership, Brannon says. By finding a used vehicle that is two to three years old with lower mileage, consumers will pay less, and “that’s because somebody else already paid" off part of the depreciation, Brannon said.
“While we all like that new car smell, which is actually plastic leaching into the car, the truth is that new cars depreciate at a quicker rate than used cars,” he added.
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