when ones buy a new car,the value of the car drops?
2007-02-24 12:53:05 · 5 answers · asked by jesparza39@yahoo.com 2 in Cars & Transportation ➔ Buying & Selling
Because it has to be worth less than unsold new cars. Who would buy the titled car if they could buy a new one for the same price.
2007-02-24 12:58:22 · answer #1 · answered by justcurious 6 · 0⤊ 0⤋
Because when you buy a car its then used so the value will drop It will also have miles on it
2007-02-24 20:58:15 · answer #2 · answered by Nic 1 · 0⤊ 0⤋
because then its used. the more its used the less the value. like would you buy a 2000 car for the same price as a brand new one?
2007-02-24 20:59:54 · answer #3 · answered by will 2 · 0⤊ 0⤋
because when it is bought the value depreciates because miles are being run up on it
2007-02-24 21:21:11 · answer #4 · answered by Jennifer E 1 · 0⤊ 0⤋
It's no longer new, it is used after you title it.
2007-02-24 20:58:42 · answer #5 · answered by e.sillery 5 · 0⤊ 0⤋