What most car owners do not know is that cars and trucks depreciate faster when bought new. Pre-owned vehicles on the other hand depreciate slowly over time. Market price of a new car when you sell it after three years decreases to at least 50%. However, a three year old used car only loses 30% of its value when resold after three years of use. Depreciation on new cars therefore, is faster than with certified pre-owned vehicles.
Technology has also done wonders in the car manufacturing industry. Most of the cars manufactured in recent years are more reliable and dependable than ever. If you do an in-depth model research, you’d find that many models will last up to 160,000 kms before requiring any major engine work.
The insurance you pay for a used car is also significantly less than what you pay for a new car because lower costs means lower insurance premiums. You also get to save on registration costs as the price of registration decreases for every year the car is driven. So costs of registration go down as the car ages.
All these and more make buying used cars worth it for you. Ride Time in Winnipeg Manitoba has a vehicle showroom full of pre-owned vehicles for you to choose from. Schedule test drive today. With our online purchase capabilities and numerous credit solutions, you can also get online credit approval making your vehicle shopping as easy as possible.