Is it a better idea to buy new or used when looking for a car?
People may argue with me but I would say the Used Car is almost always a better bargain considering the new car looses anywhere from 15% – 30% of its value by simply driving off the new car lot.
Many people take excellent care of their cars and lease them for as little as two years. At the end of the two years you have a like new vehicle for 25% – 40% less than it would have cost to buy new.
If you absolutely must be seen driving the latest and greatest and don’t mind paying extra for it go ahead and waste your money but if you’d like to pay off your house quicker or send some kids to college and you don’t work as an AIG executive the smart move is to buy USED.
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