Why buy a Chicago used car? Why not buy a new car?
There is a big market in Chicago for used cars, and the main reason the Chicago used car market is so large is simple - price!
Countless years of market research and number crunching have revealed that while the average sale price of a Chicago used car is about $13,300, the average price of a new car in Chicago has been hovering at about $26,900 for a few years now. Advantage: Chicago used car!
Smart car buyers know that there is a very steep decline in almost any car's value during the first year of that car's life - about a 20 to 30 percent decline, in fact. In other words, that car that was worth $21,800 when it was new can usually be purchased a mere year later for as little as $15,260.
That drop in value during the first year of a car's ownership provides a Chicago used car buyer with a savings that ranges between $4,360 and $6,540 over the price of a new car. You can't argue with the fact that someone who buys a new car in Chicago instead of one of the similar Chicago used cars available pays a huge premium for that new car smell.