Are you about to change your vehicle and torn between going for a brand new model or opting for a used one? Know that both options come with their own set of advantages. For new vehicles, there is, of course, the pleasure of getting your hands on a product that will be yours from day one and that you can customize more at the time of purchase.
This difference of a little over $26,500 represents interesting savings opportunities. As mentioned, you can opt for a higher-end or better-equipped vehicle. You can also pocket these savings and use them as you please.Every model on the market sees its value depreciate year by year. However, none does so at a faster rate than a new vehicle in its first few years on the road.
The site Ratehub.ca looked into this. Research conducted on 2010 models as well as new vehicles from 2019 led to the following conclusion: buyers who opted for a 2010 model saved, on average, from 5% to 28% on their premiums.If you go to a new vehicle dealership, you have a wide range of models, colors, equipment levels, and options. However, you must choose a product from that brand. If you want a different brand, you have to go to another dealer.
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