Car Buying Strategies
Strategy # 1
Selecting a vehicle with the best resale value can mean significant future savings.
Assume you are comparing two vehicles side-by-side. One will be worth $8,000 in 4 years, but the other will be worth $10,000. Let's look at each vehicle's true cost.
|What You Pay for a Vehicle||$25,000||$25,000|
|- Its expected value in 4 years||-$8,000||-$10,000|
|= True Cost||$17,000||$15,000|
Obviously, if you purchase the vehicle with the $10,000 resale value, your true cost is less, and in 4 years you will put an extra $2,000 in your pocket.
Obviously, personal taste plays an important role in selecting a vehicle. These figures are strictly objective estimates. But, the financial picture is very clear. If you select a vehicle with a higher resale value, you will maximize your future savings.
Based on studies from Consumer Reports and Bank Resale Value Projections, we can advise you which cars, trucks, vans, and SUV's retain higher resale values, and we can pass that information on to you, saving you hours of research.
Select a vehicle that has strong reliability.
Remember, any future vehicle repairs will add to the true cost of your vehicle. You can reduce the likelihood of future expenses by choosing a vehicle with a reliable track record. Again, using Consumer Reports and our over 30 years of experience, we can advise you.
This optional strategy could mean HUGE Savings.
When you buy a new vehicle, the biggest depreciation takes place the first year. Then the next biggest depreciation takes place the second year, so consider this option. Suppose you purchase a one or two year old vehicle still protected by the factory bumper-to-bumper warranty. The savings would be HUGE. And, if you plan to finance your vehicle, your payments would be far more affordable. Consider this. You could then add an extended warranty that would protect you up to 100,000 miles, and still have lower payments, and enjoy years of financial protection. Not only that here's the exciting thing. Our vehicle prices are far lower than car dealership prices. Our strategic connections allow us to eliminate the sizeable dealership markup that pays for their huge overhead.