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It may seem like a paradox to consider used car values when you are shopping for a new car, but it really is something you need to consider. Whether you are buying or leasing, you will ultimately have to dispose of the car. If you buy or lease a car that has a demonstrated record of holding its value—that is, not depreciating radically in relation to other cars in the market—you will be better off financially in the long run.
There is generally high demand for cars that hold their value, which means you'll get a better trade-in allowance or private sales price when you do decide to upgrade.
|Sheri Ann Richerson|