You have likely seen a new car commercial recently. They appear on nearly every channel daily. This is because there is a lot of money to be made on new cars. Sure, they have all the fancy new bells and whistles. However, they also will cost you an arm and a leg.
Are they really all they are made up to be? In this video, you will find out why you should skip the new car and visit your local used car dealership.
Modern cars last a long time. Many of them can run well for over 300,000 miles if you take half decent care of them. Therefore, cars that are only four years old can still provide a lot of value. Yet, they will only cost you a fraction of the cost of a new car. This is because every vehicle rapidly depreciates in the first four years off the lot. Further, a new car will heavily depreciate simply from driving it off the lot in the first place. You can certainly still purchase a new car if you have the finances for it. However, used cars are much better deals.