ProfMoneyWise
Member
Are today best prices and deal on new cars a good buy?
A friend of mine said his Grandfather gave him this advice about buying cars that he uses to this day. The advice is: "If you have $5 saved to purchase a car then I guess you are buying a $5 car."
My unofficial analysis shows a car depreciates $10K in the first 25,000 miles. It further depreciates $10K over the next 75,000 miles. To this I say, "you first."
A friend of mine said his Grandfather gave him this advice about buying cars that he uses to this day. The advice is: "If you have $5 saved to purchase a car then I guess you are buying a $5 car."
My unofficial analysis shows a car depreciates $10K in the first 25,000 miles. It further depreciates $10K over the next 75,000 miles. To this I say, "you first."