February 28, 2016
Purchasing a New Car vs. Used Car
Thesis Statement: Depreciation in value, reliability, and cost are all key factors in choosing between purchasing a new or used car.
I.Depreciation should be factored in when looking to purchase a car.
A.Depreciation negatively effects buying a new car.
1.A new car loses between 20-30% of its value in a year.
2.The minute you drive it off the lot the depreciation starts.
B.Depreciation does not have an adverse affect on purchasing a used car.
1.Although used car continue lose value with years and miles, the depreciation is less.
2.A used car loses 10-15% of it value over a two year period.
II.The reliability of a car is very important when considering a purchase.
A.New cars tend to have more guarantees in reliability.
1.Warranties are given in purchasing a new car, therefore the cost of repairs are less expensive.
2.Most new cars dont require a lot of maintenance.
B.Used cars almost always have issues and need maintenance.
1.Used cars do not have the life expectancy of new cars.
2.One can expect to put some kind of work into a used car, whether minor or major.
III.The cost of purchasing and maintaining a vehicle is the most important factor.
A.New cars cost more than new cars.
1.It is the top of its value and has not depreciated until after purchase.
2.The cost to insure the vehicle is more and the tags for the vehicle are more.
B.Used cars are more cost effective.
1.The value because it is used is less.
2.The cost to insure and tags will be less also.
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