Why is there such a large price difference between new and used cars?

    The automotive market differs from the traditional market in many ways. One of them is that the price difference between new and used cars is really large. This is also the reason why many people prefer to buy their cars from car dealers.Of course, there is a reason for this phenomenon. It is mainly due to the very rapid obsolescence of technology, especially in the case of automobiles. The very rapid pace of development means that what was a hot new product just yesterday is now, at best, basically on display in a museum.

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    Ultimately, it is enough to understand how modern cars are increasingly loaded with electronics. There are all sorts of systems that make driving easier and more enjoyable, such as parking assist and rear-view cameras. But of course, these come at a cost, and the price of a new car is high. Given the rapid obsolescence mentioned above, it is clear that prices will fall rapidly over time.

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    But that is not the only reason. There is also the fact that a car with nothing on it is worth more. Therefore, once it leaves the showroom behind the wheel, its value is more than halved.

    This is of course not ideal. However, this situation is expected to change in the near future with the transition to electric vehicles. The prices of vehicles with internal combustion engines that are not sold will therefore also fall rapidly. However, it is doubtful whether anyone will still want to buy an electric car at that time.

    For the time being, however, we must be content with the status quo. The above changes cannot be expected in a few years. So if we want to buy a car right away, we might as well hold out for a used car. With a little searching, there are several good ones that suit our needs.