4 Things You Need To Know About Car Depreciation Rates

My first answer to that would be… who really knows? It’s a very elusive term thrown around by about all the car manufacturers’ and car dealer’s marketing departments. You know after many years in the business, I’m not sure I could tell you precisely what true dealer invoice or what is termed ‘dead cost’ is on any particular vehicle. I’m sure the owner or the ownership group could somehow calculate this elusive dollar figure but most of us humans will continue to search for the ever elusive animal we refer to as dealer invoice.

Oddball Collections – Some collectors, myself included, seek out the unusual types that are often referred to as “oddballs”. Included in this group would be plates issued to non-passenger car vehicles like bus, taxi, trailers, tow trucks, farm vehicles, antique vehicles, government vehicles, mobile homes, The Sharpest Rides and so forth. Again, this is another category with unlimited variations.

15% – The length of credit history on each loan has an effect on your score. A more seasoned loan is scored higher. For this reason it is not a good idea to open credit cards offering low initial rates, then close them after a few months and open new credit cards.

Birth Year Run – Taking it one step further, many collectors aren’t satisfied with simply owning one plate from every state. To make it more challenging, they seek a plate from each state issued during the year in which they were born. Often, once they’ve accomplished this goal, these individuals will move on to collect a plate from each state for their children’s birth years as well.

When you are going to buy a car, you need to know ahead of time which features are essential for you in the car. Have a clear picture of what you want, so you can search for the right price as well as the right car for your needs.

Well, the best thing you can do, is usually to sell it yourself. You should get more money for your old car by selling it yourself. If you insist on trading in your car, then you should check Kelley Blue Book, NADA guides and Edmunds online. Those resources will go a long way to telling you what it’s worth, before you go to the dealer.

Don’t forget that you can sweeten your deal more by putting some money down or by trading in your old vehicle. Learn about how to make good deals with car dealers beforehand and you can be sure to drive away with one of those great deals – all with a preapproved auto loan.

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4 Things You Need To Know About Car Depreciation Rates

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