One of the biggest arguments against buying a new car is the fact that it becomes a used car as soon as you sign on the dotted line at the dealership.
So, in essence, new car buyers pay for the right to be the first owner of a used car. That right comes at a cost, as a car generally depreciates at a rate of 15-20 percent per year for the first three years.
Buy a $35,000 car and, just a few seconds later, it’s worth significantly less than what you just paid. That’s not the case with every new model, but the vast majority experience a significant decrease in value.
What cars can you purchase to keep as much value as possible? Continue reading >>>