We’ve heard it so many times.
As soon as you drive the car off the lot, it loses 25% of its value and why do you want to pay the depreciation costs?
If you purchase a used car, somebody else already paid the costs and you can get a better deal.
On the surface, the logic behind that makes a lot of sense but is it actually true that purchasing a used car is a better value than a new car?
First, let’s remember that getting the most value doesn’t necessarily mean paying the least. Sometimes it works out that way but as we’ve all found in our day-to-day lives, buying the cheapest items may not save us money in the long run. Continue Reading