Get A Used Car. Let Someone Else Eat The Depreciation.

Newer cars are more reliable than older cars. Older cars are cheaper to buy. Thomas Stanley’s book “The Millionaire Next Door” says that a car that is 2-3 years old is a good buy to get a reliable car at the cheap purchase price.

Buy a used car that’s 2 years old. Let somebody else eat the steepest part of the depreciation curve. To save even more off the purchase price get a four year old car. This isn’t an exact formula. Different cars yield different depreciations. You need to research each individual purchase. One thing is certain: Buying a brand new car isn’t the best investment.

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