Posts: 147
Location: WI - Land of small muskies and big jawbones | Read this a while ago but according to consumer reports, vehicles depreciate in value the slowest when they are between 4 & 8 years old. Before and after that the rate of depreciation is faster from year to year. And ya, if your financing a vehicle I guess that does make a difference in the long run when your talking 0% vs more for used. Another thing to consider is if you trade or not. I don't know about other states but in WI when you trade you only pay tax on the difference between the trade in value of your vehicle and the price your paying for the new vehicle. Sometimes that actually can be a better deal than selling your vehicle yourself and then buying a new or newer one. Depends on how willing the dealer is to negotiate trade in value and the price of the new or newer vehicle your buying. I do prefer buying from private parties vs dealers though. I feel like I can trust them more since they aren't trying to make a living selling cars. And I really don't care much for the dealers that have the 1 set price for everyone and won't negotiate. Just a personal thing I guess cuz some people do like that. There are obviously a lot of variables you have to consider when buying/selling. |
