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

Posted on September 12, 2020November 4, 2020 By Thomas No Comments on Get A Used Car. Let Someone Else Eat The Depreciation.
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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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