It’s amazing to consider how many used cars change hands on a regular basis. Almost 40 million used cars are sold through dealerships and private parties throughout the year. There were 9.81 million used vehicle sales during 2015’s first quarter, according to Edmunds.com. A little over half, or 54%, of the used cars sold during the entire year were 3 years old or less. The average sales price for a used car the following year was $19,189.00, as reported in the “Edmunds 2016 Used Vehicle Market Report.” This represented a 3.4% increase from the previous year.
Since you’re probably looking for a new or used car, are you planning to take out a loan or purchase it outright? If you’re planning to approach your bank for loan to purchase a used car, it’s important to note that most banks will only grant loans for this purpose when a used car is less than 4 years old. It’s unlikely that they will give you a loan for a car that is over 4 to 5 years old.
If you have your sights set on a specific car or Jeep that’s less than 5 years old, it makes sense to purchase it from a dealership that sells certified, pre-owned vehicles. Are you still conducing research and exploring your options? Then you may be thinking about purchasing a new vehicle instead. If this is the case, have you considered a Dodge Ram 1500 or a 2017 Wrangler? When you need a lot of space, the Dodge Ram 1500 may be the right vehicle for you because it has 4 doors and can comfortably seat up to 5 passengers.
Are you more interested in horsepower? Then you may want to take the 2017 Wrangler for a test drive. It has a 285 horsepower engine. When it comes to mileage, this vehicle gets 17 miles per gallon on city streets and 21 miles per gallon on the highway. You may be interested to know that when considering fuel costs, the average for all vehicles is $14.45 cents per mile. This amounts to approximately 23 miles per gallon.
How many miles do you drive every year? How often do you change your oil? Every year, people in the United States will drive their cars and/or trucks a bit over 10,000 miles, and they usually have an oil change about every 3,000 miles. If you’re planning to do a lot of driving after you purchase your new car, remember to make sure it comes from a dealership that sells certified, pre-owned vehicles.