Everyone needs a trustworthy vehicle to get from one place to the other. When the time comes to purchase a vehicle, the new car smell is very enticing. Unfortunately, as soon as it’s driven off the lot, the car begins to lose its value. Why is this?
When a dealership that sells new cars, they get a shipment of vehicles from a manufacturer, they pay a wholesale price for them. To make a profit, they add a certain percentage to that price. The amount that the consumer pays is the retail price. As soon as the buyer drives off the lot in a new car, the value drops down to the wholesale price. Since it is no longer new, it can’t be resold as one.
Wear and Tear
As a vehicle ages, the paint will chip, the upholstery will begin to show wear and the internal workings will slowly wear out. Any dent or scratch will decrease the value of the vehicle making it less appealing to a used car buyer. Demand has a lot to do with value when it comes to used cars. As time passes and manufacturers come out with new models and body styles, the older vehicles are in less demand and their asking price will start to decrease.
Slow Down the Depreciation
Luckily, there are some ways to slow down the depreciation of a vehicle. Those that invest in a car that has a good track record and has been popular for a long time will more than likely see that their vehicle will maintain more of its value. Vehicles that have been maintained and well cared for will likely sell at a higher price. Being smart with an auto investment will allow one to get more when the time comes to resell it.
Those looking for used cars wellington will find a great selection at Wholesale Cars Direct. After being in business for 12 years, they are one of the most awarded dealerships in New Zealand. The sales professionals here take pride in the brand. Let the journey begin by visiting https://wholesalecarsdirect.co.nz/ and beginning the search.