Depreciation: New cars typically lose a significant portion of their value in the first few years of ownership.
Higher Cost: New cars come with a higher price tag compared to used cars of the same make and model.
Insurance Costs: Insurance premiums for new cars are generally higher than those for used cars. Since new cars have a higher value
Additional Fees: Buying a new car often entails additional fees such as sales tax, registration fees, and dealership fees.
Limited Selection: When buying a new car, you're limited to the current model year and available inventory at dealerships.
Unknown Reliability: New car models may have limited data on long-term reliability and potential issues.
Instant Depreciation: As soon as you drive a new car off the dealership lot, it begins to depreciate in value.
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