Automakers are wooing car buyers with ads for the latest models, but a new study by iSeeCars.com has found that only some cars make good financial sense to buy new due to large differences in price between new and one-year-old used models. The savings from purchasing a lightly used car over a new one can be substantial, ranging from $6,099 to $19,966.
“Most people know new cars depreciate the most in the first year and that different cars have different depreciation rates, but we wanted to determine which used cars experienced the largest price drops compared to their new models,” said Phong Ly, iSeeCars.com CEO.
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