Colorado Springs Auto Repair

Monthly Archives: March 2019

I Am A New Car Salesman's Worst Enemy

I Am A New Car Salesman's Worst Enemy

I Am A New Car Salesman's Worst Enemy We live in a day and age of recycling everything, re-purposing old products and making them new again. For a large portion of the motoring population, the automobile is the second largest purchase they will make in their lifetime…………….. But, it doesn’t and shouldn’t have to be every 5 or six years like the new car dealers would like it. I hear all the time from people when presented with an estimate for a repair, "ah, that car isn't worth that much." I have news for you. Neither is the new vehicle you’re going to buy. It’s going to depreciate 20% the first year, and 15% each year after that. So I want to make a case for driving your current 10-year-old vehicle another 5 years. I will give two examples. Both examples are similar. Bob and Mary own their home, have two vehicles and an annual household income of $100,000. Jim and Kathy also own their own home, have two ve ... read more

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