The experience of buying a new car is always special. Everything looks so fresh, and there’s that distinct new car scent. However, you’re well aware that the moment you drive out the showroom door, the value of the car will plummet by five to ten percent. The new car depreciates rapidly, with a potential 30- to 40-percent loss in value within the first three years. This is where the real value lies in purchasing a late-model used car, avoiding the initial depreciation.
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