Sunday, January 8, 2012

Wait to buy a used car near year-end?

Is it smarter to wait until 2008 to buy a used car this late into the year? If you go to a dealership, will they still be using 2007 values even though we're only 2 months from 2008? Can I assume once the calendar hits 2008, the used car is a year older and therefore should be cheaper?|||Used car prices are impacted by demand for the vehicle. Age is only part of the equation. On a used car, waiting afew months most likely will not have an impact. Check whatever you are looking at against KBB.com.





A few months will not make a difference.|||Makes no difference, each month the used car values drop slightly, with little exception, depending on the resale market. Do you really want to wait to save a few bucks?|||But a good used car that is 2 yrs.old and save your self thousands of dollars! If you buy a car and pay $400 a month, that is $4800 dollars a year take that times 7 yrs and you have $ 33,600 in cash, now after 7 yrs whats the car worth? $1200 to $2,000 ? Think about it!

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