Buying a used Nissan car instead of a new one is one of the best financial decisions that you can make. In addition to having often significantly lower list prices, used cars have undergone more of the depreciation process than new ones.
While most financial planners would tell you that buying a car is not an investment, they would also advise buying used instead of new. Here at our Virginia Beach Nissan dealership, we have a wide selection of used Nissan cars.
Cars and Depreciation
Traditionally, investments can be thought of as something that will increase in value over time, providing you with a return. Things like houses, stocks, and 401(k)s function as investments.
Cars typically function in the opposite manner. They undergo a process known as depreciation, which is the granular loss in value of an asset. Thus, you will likely not be purchasing any kind of vehicle as an investment, unless it is a treasured classic car.
That said, used cars undergo much less depreciation than new cars, so they are technically a better investment because they will lose less value over time. When you drive a new Nissan car off a dealership lot, it can lose up to 25 percent of its value right then and there.
On the other hand, used cars have already undergone the most extreme depreciation. By purchasing a used car that is just a few years old, you can get some of the same features that are found in the new model, at a fraction of the cost.
Used Nissan Cars in Virginia Beach, VA
Here at Hall Nissan Virginia Beach, we have a wide selection of used Nissan cars, as well as used vehicles from other automakers. Let our friendly dealers show you what we have to offer and get you behind the wheel for a test drive.