Cars are lasting longer now than ever before, making used cars a sound investment for consumers planning for the future.<\/p>\n
While many automotive experts once estimated that cars typically are spent when they hit about 100,000 miles, some are changing their tune, MSN Money reports. According to Edmunds.com, cars can now easily endure about 200,000 if their given regular maintenance.<\/p>\n
Steven Lang, the owner of two used-car lots, told MSN, “A conservatively driven and well-maintained $5,000 car should last 10 years.”<\/p>\n
He added, “Cars are engineered today so that you’ll get tired of them long before they tire you out.”<\/p>\n
A study by CNW Market Research found that the average value of a new car in the U.S. is $30,266, and is financed for an average of 58 months with a monthly payment of $411.<\/p>\n
Analysts suggest that by that the savings gained by purchasing a used car are compounded by poor interest rates on car payments.<\/p>\n
According to the Bureau of Transportation Statistics, about 41 million used cars are sold each year, about half of which are purchased from new car dealers.<\/p>\n","protected":false},"excerpt":{"rendered":"
Cars are lasting longer now than ever before, making used cars a sound investment for consumers planning for the future. While many automotive experts once estimated that cars typically are spent when they hit about 100,000 miles, some are changing their tune, MSN Money reports. According to Edmunds.com, cars can now easily endure about 200,000 […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"yoast_head":"\n