A new car may not be worth all that money you are planning on spending!
If you are on a really tight budget, and dont care too much about the prestige of having a brand new car, purchasing a used car might be the best option for you. Why do we say that might be the better option?
All you have to do is pick up a used car listing to see that brand new cars lose anywhere from 30 to 40 percent of their original price in as little as two years. Thats a pretty steep number. Heres another number, 65 percent this is the amount you save if you buy a used car that is five years old instead of a brand new one.
Theoretically speaking cars of this age, as long as they have been well cared for will perform just as well and are just as reliable as their brand new counterparts. In fact, they may even be better customized for daily use since it has already been broken in and properly set up.
Of course, you cannot discount the possibility that the used car you are looking at is not in the best of conditions. Therefore when surveying used cars to purchase consult the following tips.
1. Check the Exterior
The first thing to look at is the overall...
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