The rise of online marketplaces and shifting consumer habits have transformed how people buy and sell used cars, making the market robust and diverse.
A new car can lose a large portion of its value as soon as it's driven off the forecourt; however, used cars have already undergone most of their depreciation.
Buyers need to approach the process of purchasing a used car with caution, establishing a clear budget and considering all associated costs before making a purchase.
Given the significant increase in used car sales after the pandemic, buyers are turning to second-hand vehicles to meet their transportation needs more affordably.
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