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You’ve probably heard about how new cars start depreciating the minute you drive them off the lot. And it’s true that most new cars can lose much of their value in the months and years after purchase. However, final purchase price is just one factor of many to consider when buying a car. Depreciation aside, there are several great reasons to consider buying a new car instead of a used car. Here are eight of them:
Whether shopping for new or used vehicles, University Federal Credit Union offers low rates on auto loans and can help you every step of the way on your next car purchase. Still not convinced? Buying new is not for everyone, and there are also advantages to buying used. Before you decide, read Seven Reasons to Buy a Used Car.
Research the value of your vehicle.