What is the advantage of buying from Aspen Automotive Group?
In a word: Price.
Our
customers are generally persons who have been in the habit of buying only
new cars. Suppose that you were intending to purchase a new car for $38,500
and intended to keep it for 3 years. After 3 years, the probable trade-in
value will be $16,200. Your depreciation cost of the car is $22,300 or
$7,433.33 per year. Now consider two alternative options:
| 1. | The purchase of a much higher quality, low mileage, pre-owned car still under manufacturer's warranty for $38,500, which retailed originally for $66,900. You drive this car for 3 additional years. After three additional years, the probable trade-in value of this car is $23,600. Your total depreciation cost is $14,900. | |
| 2. | The purchase of exactly the same car, but pre-owned, at a cost of $24,000 (assume also: 18 months old with ~18,000 miles). You drive this car for 3 additional years, most or all of it under factory warranty. After three additional years, the probable trade-in value of this car is $11,250. Your total depreciation cost is $12,750. | |
In the first instance, you have driven a substantially superior automobile for 3 years at a lesser cost ($7,433.33 vs. $4,966.66 per year).
In the second instance, you have driven essentially the same car for 3 years at a significantly lesser cost ($7,433.33 vs. $4,250 per year).
Here are some specific examples in different price ranges:
New 2003 Lincoln LS Sport vs. Pre-owned 2001 BMW 740iL
|
Retail
(new) |
Cost
|
Estimated
Trade-in
|
Total
Depreciation
|
Annual
Depreciation
|
|
|
2003
Lincoln
|
$40,855
|
$38,500
|
$16,200
|
$22,300
|
$7,433.33
|
|
2001
BMW
|
$66,900
|
$38,500
|
$23,600
|
$14,900
|
$4,966.66
|
New 2003 Lincoln LS Sport vs. Pre-owned 2002 Lincoln LS Sport
|
Retail
(new) |
Cost
|
Estimated
Trade-in
|
Total
Depreciation
|
Annual
Depreciation
|
|
|
2003
Lincoln
|
$40,855
|
$38,500
|
$16,200
|
$22,300
|
$7,433.33
|
|
2002
Lincoln
|
$40,855
|
$24,500
|
$11,250
|
$12,750
|
$4,250.00
|
New 2003 Subaru Outback Limited vs Pre-owned 2001 Audi A6 Quattro
|
Retail
(new) |
Cost
|
Estimated
Trade-in
|
Total
Depreciation
|
Annual
Depreciation
|
|
|
2003
Subaru
|
$26,820
|
$25,500
|
$13,000
|
$12,500
|
$4,166.66
|
|
2001
Audi
|
$42,300
|
$24,500
|
$14,000
|
$10,500
|
$3500.00
|
New 2003 Subaru Outback Limited vs Pre-owned 2002 Subaru Outback Limited
|
Retail
(new) |
Cost
|
Estimated
Trade-in
|
Total
Depreciation
|
Annual
Depreciation
|
|
|
2003
Subaru
|
$26,820
|
$25,500
|
$13,000
|
$12,500
|
$4,166.66
|
|
2002
Subaru
|
$26,820
|
$19,500
|
$10,000
|
$9,500
|
$3,166.66
|
