How to Get a Good Deal On a Used Car

When shopping for a vehicle, there’s one very good reason to consider buying used versus new: depreciation. A new car will depreciate about 10% the moment it leaves the lot and another 20% within its first year1. After three years, the average car is worth about 60% of what it was when new. That might be depressing news for the original owner, but it represents a screaming deal for the prudent used-car buyer.

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