Five used car facts
Buying a used car may seem like a simple topic, but there are many things to think about before you put your money down. Here are jsut a few:
1. The average vehicle will likely have three owners in its lifetime.
2. Industry experts believe one of every 25 air bags that have been deployed have not been properly replaced. They’re also the most stolen item from a vehicle (having surpassed radios).
3. About half the cars that are flood damaged end up back on the road. As far as Hurricane Katrina is concerned, estimates are that about 200,000 vehicles were dried out and resold.
4. Consumers lose as much as $4 billion a year due to odometer fraud, with the average rollback being 15,000 miles.
5. Silver is the most available colour in the used vehicle market — more than 447,000 vehicles, followed by black (429,000), white (409,000), and red (321,000). Blue (309,000) and gray (277,000) are also aplenty. The color you’re least likely to find? Pink, with just 249 used vehicles listed.