If you are like most people, then your car is approximately 11 years old and it may be time to start looking for a new one. This is true, not only due to the mileage that may be on your car and the price to maintain it, but because most new cars have superior technology that was not available a few years ago to help keep you and your passengers safe.
If you do not think that you can afford a new car, there are several things you need to be aware of before you put more money into your old automobile. First and foremost, you should know that the price of a used car for sale has decreased from just over $16,000 to just under $15,000 for used car inventory that is less than three years old and is backed by manufacturers? offers. These cars are usually returned to the dealership after a lease has ended and have fewer miles on them due to lease restrictions than typical used cars. Lease restrictions often charge drivers for driving more than anywhere between 9,000 and 15,000 a year.
Another reason why you should look at a new or used car is because you do not need to come up with the money all at once. In fact, if you choose to lease a new car, you may not need to come up with any money at all. Many car dealerships will let you drive a newly leased car without making a deposit as long as your credit is good. Should you decide to purchase a new or used car, you can put down anywhere between 10% and 20% of the cost of the car and then pay the rest through a car loan.
When you purchase a new or newer car than you currently possess, then you are getting improved safety systems. These include basic forward collision braking and blind spot detection and prevention features. Car dealerships will tell you that basic forward collision braking can stop a car fast enough to avoid a crash at speed differentials up to 20 miles per hour. Blind spot detection and prevention features are the most preferred technology feature by 40% of those surveyed by J.D. Power for the 2015 U.S. Tech Choice Study. This was followed by night vision, which was preferred by over 30% of those questioned.
Even if you are not willing or able to be part of the almost 30% of Generation Y consumers that will spend up to $4,000 for technology in their next vehicle, you may want to at least consider adaptive headlights. Property damage liability claims fell as much as 10% with adaptive headlights, according to Highway Loss Data Institute research.
However, if you have been saving up and are ready to visit car dealerships for a luxury automobile, then you want to consider visiting a Cadillac car dealership. Cadillac is part of General Motors, which also makes Chevrolet. The company delivered almost 10,000,000 to its car dealerships around the world. In addition, Cadillac has had the highest luxury auto sales since 1902 and the brand sold nearly 300,000 vehicles worldwide in 2014. This helped car dealerships increase U.S. sales of luxury-branded cars and light trucks have expanded 8% in 2014.
Sales of luxury automobiles helped to increase the price of new cars to a record high in 2014 of just over $32,000 per vehicle. The sale of luxury cars such as Cadillac accounted for part of the 16.5 million new cars sold in the U. S. Sales of used cars and used trucks increased by more than one million vehicles being sold in 2014 over the same 12 month period in 2013.
Regardless of what type of automobile you are looking to purchase, it is best to look at the car dealerships near you. They can help educate you and help to get you the best deal on your next car.
