Used Cars are Often a Better Value

Posted on July 13,2010 by Moneyproblems Tips

in Money Saving Tips, Reduce Car Costs, Summer Tips

In most cases you can save money by buying a used car, not a new car. A car loses a lot of it’s value when you drive it off the new car lot, so a used car can save money.

The only exception may be when you plan to keep a car for over seven years.  In that case a new car has a warranty, and since you have owned it since new, you can maintain it to last.

So, buy new if you plan to keep the car for many years; if not, a used car may be a better value.

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