Why Are Used Cars So Cheap and Are They Worth Buying?
1 Answers
As long as it's a new car, whether it's never been driven or has been used for a month, its value typically depreciates by up to 20% as soon as it hits the road. This is commonly referred to as the '20% depreciation upon landing' for new cars. The first year sees the fastest depreciation, while cars around 3 years old retain their value the best. Therefore, used cars aged 3-5 years are highly favored by car owners due to their excellent cost-performance ratio. Used cars can indeed be purchased, but the following points should be noted: 1. Choose Reputable Dealers: Always buy from reputable dealers to ensure effective handling of any issues post-purchase. Also, be cautious with online used car platforms—while they can be trusted, don't rely on them entirely. 2. Pay Attention to Mileage: This is mainly relevant for decommissioned commercial vehicles, which not only have high mileage but also limited remaining service life. Operational vehicles are mandatorily scrapped after eight years, leaving you with only a year or two of use at most. 3. How to Select a Car: After considering the purchasing channels, here's how to choose a car: First, browse online to see if any models catch your eye, then compare prices across platforms (for reference only). Once you've made a selection, visit a used car market to inspect potential models in person.
