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56 Motors


THE HERALD FRIDAY SEPTEMBER 30 2016


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Buying a second-hand car


ARE you thinking of buying a second-hand car, but uncertain if you’re making the right decision for you? The Herald will take you, our readers, through some tops tips to consider when buying a second- hand car. Today, most modern cars are built


to such high standards that second- hand no longer means second-rate. Buying a used car is often the wisest choice. It can be a very good idea; if you


choose a ‘nearly new’ model, you can own a car of the same quality and specification as a brand new motor, but for thousands of pounds less. Overall, buying a used car is much


safer than it used to be, provided you follow the right strategies - and it’s never been better value. The significant downside to buying


a used car is risk - risk of buying an unreliable car that will eat up money in repair bills, risk of ending up with a


stolen car or a write-off., risk of being ripped off. But risks can be minimised, provided you’re aware of them.


PICKING A YEAR-OLD MODEL Depreciation works to the used


car buyer’s advantage. Many popular cars lose one-third of their value in their first year and after three years, it’s quite rare for even a prestige model to be worth more than half its original new price. The good news doesn’t stop there - between the third and sixth years in most cars’ lives, the depreciation graph flattens out rapidly. Older used cars lose a far smaller proportion of their value in real cash terms. So, picking a year-old model will dramatically reduce the upfront cost.


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