The first American Used Car lot

Around the Real Estate Company
Around the Real Estate Company

The Benefits of Used Cars

Founded in 1898, the Empire State Motor Wagon Company in Catskill, New York was one of the very first American used car lots. A used car, a pre-owned vehicle, or a second-hand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers, rental car companies, leasing offices, auctions, and private party sales. Some used car retailers offer ""no-haggle prices,"" ""certified"" used cars, and extended service plans or warranties.
With annual sales of nearly $370 billion, the used vehicle industry represents almost half of the U.S. auto retail market and is the largest retail segment of the economy. In 2005, about 44 million used cars were sold in the U.S., which is more than double that of the nearly 17 million new cars sold.
There are many good reasons to buy a used car, including ample selection and the improving reliability of older cars, but the big draw for used-car buyers is the affordability. Among these are stated on the next paragraph.
The original owner of the car received the depreciation hit. The market value of the new car decreases from year to year. An average 30% of its value within three years from the time it was bought, so buying their car would save you a lot of money. Unlike purchasing a new vehicle with high insurance fees, you will receive a lower cost of insurance if you choose to buy second hand cars. Although buying new cars and used cars both provide loans, lease, or money-saving the majority of dealers who sell second hand cars often have shorter loan terms. If your investment is decided based on appearance and gas mileage, choosing a second hand car would guarantee the value and reliability it has provided over the years.
Buying your used car could waste your money if you fail to do your research, compare dealerships, and be aware of the car's market value. So, I suggest you should be a wise used-car buyer.

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