Why Do Nearly New Used Cars Cost Much Less Than Brand New Ones?

[LaAva]

The reasons why nearly new used cars are cheaper than brand new ones: 1. No need to pay for the 'first time': Nearly new used cars are priced lower than new cars. No matter how new they look, they are still second-hand vehicles. These cars enjoy an immediate 20% discount upon leaving the dealership, and many car owners generally prefer choosing a nearly new used car over the same model brand new. 2. Saving 10% on purchase tax: Buying a used car not only involves simpler procedures but also exempts you from paying the 10% vehicle purchase tax, which is mandatory for new cars. This means a new car depreciates by 10% the moment it's bought, while purchasing a used car saves you this 10% cost since no purchase tax is required. 3. Depreciation of nearly new used cars: These vehicles are often sold just months or even weeks after purchase, usually due to the owner's desire for something newer. Even if they haven't gone through the break-in period, they may still have various uncertain risk factors like accidents or scratches. Buyers have to bear these flaws and uncertainties, which naturally makes nearly new used cars much cheaper than brand new ones.