Given the current state of affairs, shoppers can forget about haggling to buy a car at the dealer’s invoice price, and don’t expect much, if anything in the way of cash rebates and other incentives to help sweeten a deal.
)."Taking the time to research what it will cost to own a new car can help savvy shoppers keep more money in their pockets in the long run.
Of these ongoing charges, depreciation is the biggest factor to consider. The typical car loses as much as 50 percent or more of its original worth after a typical five-year ownership period, which on a $42,000 model amounts to $21,000, Picking a model that instead holds onto 60 percent of its value after five years saves around $4,200 at trade-in time. Luxury vehicles tend to shed the most dollars over time, among other factors simply because there’s more at stake to lose.
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