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SAVE MONEY BY BUYING A USED CAR
There is a great experience buying a brand
new car.
You are the only one that has owned your car. There
is also nothing better than that new car smell. However,
buying a pre-owned vehicle can save you money. In fact,
did you know that you can save as much as $2000/year if
you never buy a new car again? Be careful though, you
need to make sure that the car you are buying is in
good running and physical condition.
Buying new vs. buying used is not as black and white as
you may seem. When looking to purchase a
pre-owned
vehicle, you have many options.
Avoid new car depreciation!
Did you know that a car's wholesale value decline 30-40%
of the original sticker price in the first two years? For
example, a $30,000 vehicle will be worth around $24,000
after one year and around $19,200 after two.
So, if you want to
buy a new car, a good idea would be
two look for a car coming off a two-year lease. Not only
will you
avoid the initial hit of depreciation, you can
get a really good deal on a vehicle.
So many options of used cars to choose from!
The auto leasing business is more popular than ever.
When looking to buy a car coming off of a lease, you will
have many options to choose from, including
luxury cars. With the auto leasing business
booming, there are plenty of cars to choose from,
including luxury cars. As mentioned you can save anywhere
between $1000 - $2000 if you choose to buy a two year old
car instead of a new one.
It is also smart to consider that specific makes and
models of cars vary very slightly every year. So, in all
likelihood, you buying a pre-owned car will get the same
car for less money.
Instead of spending extra money on a new car, invest
your money!
Do you currently put any money aside for your
retirement? Think about this...if you take the money that
you would save annually from purchasing used cars and
invested it in a tax-deferred mutual fund for 30-40
years, with a 8% return you can earn over $300,000.
APPLY FOR A USED AUTO LOAN!
Related Info:
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Interest Rates
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Payment Calculator
Things to consider....
Before buying a used car, you should check out the
benefits of purchasing a new car.
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