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Buying A Car

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PRESENTATION OUTLINE

2011 dodge nitro heat 4wd

Brand new: $22,500
Current price: $14,500

The value of the car could go down over the years depending on how many owners the car has had and if the car has gotten into accidents.

In another 5 years from now this car will be worth $9,344.55, given that nothing serious happens to the car

Photo by RL GNZLZ

Rate of depreciation: $1,600/year
Equation: y=22,500(.915878)^x

Untitled Slide

Buying a used car is worth it if the car is in good condition and has good mileage. Also, it's a great idea if you are young and starting out because car payments for a new car will be expensive.