Thursday, July 22, 2010

How to Save By Buying a Used Car

There's an old story that states that just driving your car off the lot, when buying a new car, causes it to depreciate by 10%. While that may differ according to the type of car you're buying, it's definitely still a valid consideration. In fact, it's been said that the first 10 000 miles are the most expensive miles on any car. So, by buying a car that is only a few months to a year old, you can save a huge amount, percentage wise, on the price you would have paid for a new one. Since many cars are also repossessed within the first few years, there are many newish cars out there, and you're sure to find a model that suits you, and is in excellent condition.

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