Depreciation on Gas Guzzling Cars
||By Anna Finger
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Do you know your new car depreciates in value the second you drive it off their lot? It does so by almost 20%. In the first year alone, a new car may depreciate as much as 35% - 50%!
Over time, your car may end up being worth next to nothing. As your car ages, it becomes less reliable and, potentially, more costly to repair and maintain. Depreciation, coupled with
the cost of maintenance, insurance, and the high cost of fuel makes owning a car an expensive convenience, rather than a sound investment.
Automobile depreciation is especially significant for owners of larger cars, pickup trucks, and SUVs. With the price of gas continually climbing up the ladder, people are becoming less
and less likely to purchase a larger automobile. Automakers have seen a significant drop in sales of large cars, SUVs and trucks; many people are simply no longer willing to buy any
of those "gas-guzzlers" and are looking for a more economical means of transportation.
Owning a large vehicle is becoming more and more impractical every day. If you are the owner of a large car, SUV or pickup truck, then you've already experienced the negative impact of
fueling a large vehicle at current prices. High fuel prices negatively affect your cost of your overall living. Ridding yourself of a vehicle with such expensive operating costs can
help you. Bottom line, freeing up money that is otherwise wasted on fuel consumption. You could be using the money you save on fuel to buy the other things you really need, or really want.
As consumer demand for large, gas-guzzling vehicles drops, the resale value of these vehicles also drops. Your "gas-guzzler" depreciates more and more quickly every day because of
the sharp decline in demand for these vehicles. It's more important than ever to sell your large vehicle as soon as possible; not only are you losing the money you spend on gas every
week; the vehicle is depreciating in value. Think of the hundreds or even thousands of dollars in fuel and value depreciation you could save by selling your gas-guzzler at Quick Cash
Auto (www.quickcashauto.com). The math is simple: For every day you keep your car, the less valuable it becomes. Selling your car to Quick Cash Auto (www.quickcashauto.com) will ensure
you receiving the maximum value for your car. If you are planning on selling your car, avoid another day of depreciation and unnecessary expenses - sell your car to Quick Cash Auto today.