It costs less to purchase a used car than a new car because 1.used cars are less stylish. 2.options cannot be chosen on a used car. 3.used cars are more likely to need repairs. 4.lack of demand drives prices down.
Business · High School · Thu Feb 04 2021
Answered on
It costs less to purchase a used car than a new car since used cards are more likely to need repairs. This can be one of the reasons, why the price of purchasing a used car is less that a new car, although one general reason is due to depreciation in value. We all know that cars, motorcycles, and other vehicles depreciate in value every year, making it more likely to have a lesser cost that its actual selling price.
Final answer:
3. used cars are more likely to need repairs.