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Tag Archives: Used Cars

Is Buying A Used Car The Smartest Form Of Car Shopping?

The following is a guest post. If you are interested in submitting a guest post, please read my policy and contact me. Buying a car is one of the top investments that you will make in your life – perhaps the second most significant one after purchasing a house. After all, when you cannot afford to purchase the vehicle outright, you are also committing to a number of years paying off a loan. One of the primary decisions that you need to make is whether you want to buy a new or used car. Buying a used car is a smart choice for the following reasons: Affordability – when you buy a car that is just slightly used, there is a substantial cost savings. Cars depreciate the most in the first couple of years, according to Bankrate. The moment you drive the car off the lot, its value declines by thousands of dollars. Once it’s off the lot, it is only worth the dealer’s wholesale price; a fast depreciation from the retail price that you paid for it. This is because the dealership would not offer you anymore than the wholesale price if you decided to return it. Certification of ...

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Reasons to Love Your Used Car

  If you don’t watch TV, turn on a computer, or listen to the radio, you might be immune, but for the rest of us, the end of the year comes with tons of  new car advertisements. This time of the year, to meet their quotas and pile in the 2013 models, every car manufacturer is trying to sell you a new vehicle. From zero percent interest, to cash back incentives, to celebrity spokepersons, after you see the adds, you might think you need one. Heck, even Suze Orman, personal finance guru and dealer of the “Suze smackdown” is hawking new Acuras this season. Before you start thinking this is such a good deal, remember these reasons to love your used car.   You Owe Less on a Used Car- Even if it isn’t paid off, you probably owe less on your current car than you would on a new one. We played musical cars for a while. Every three or four years, we traded in for a new model, insuring an ongoing car payment. The vehicles we have now have been paid off for a few years, and no amount of advertising or memory of  new car scent makes me want another ...

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