Is It Worth Buying a Used Car?

[DeJoanna]

If the car has been well-maintained, it is worth purchasing. Generally, used cars that are 3-5 years old offer the best value for money, while those aged 6-8 years have the advantage of being more affordable, making them suitable for classic models. Cars older than 10 years are not recommended due to poorer condition and higher maintenance costs. The details are as follows: 1. Calculation Method: The used car market widely adopts the "10-year depreciation" method. For a new car, the depreciation is calculated as follows: the first 3 years at 15% annually, the next 4 years at 10% annually, and the final 3 years at 5% annually. 2. Depreciation: The first 3 years see the highest depreciation. For example, a car originally priced at around 100,000 yuan would be worth approximately 85,000 yuan after one year (an 85% resale value). After two years, it would depreciate further to 72,250 yuan (85% of 85,000 yuan), and by the third year, it would be worth 61,450 yuan. In terms of depreciation ratio, a 3-year-old used car offers the highest discount and represents the most cost-effective option.