September 17, 2014

Why is buying a used car over a new car a smarter move for your pocketbook (in most cases)? Ideal approach?

2 thoughts on “September 17, 2014”

  1. Garrett Haag says:

    A new car depreciates as soon as it is drove off the lot. A used car has had the depreciation or most of it taken out of it already, a 6 year old car will still be in good shape and be much cheaper then a new car. The best way to buy a car is to pay cash for a used car that is in good shape, buying from a 3rd party normally gets you the best deal. Once you get that car, you should drive it for the life of the car, which can be 20 years sometimes if you take good care of the car. The longer you have the car the less the initial purchase will effect your overall financial well being, if you were to buy a used car every other year you will not be much better off. The more you know when going in to the car buying experience the better off you will be.

  2. Mike Finley says:

    That was an outstanding answer, Garrett. Well done. I have nothing to add.

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