New Cars
Fresh out of the factory cars are big investments a lot of Americans make. There’s also the widely held belief that you can save more money by lowering the risk of costs due to prolonged usage. While that can be the case in some scenarios, as long as you’re careful about what you buy and evaluate the car properly, you’re no more at risk than when you’re buying new.
Used cars lose value over time. At 12 months you can expect around 20% or more. Buying an extended warranty can also provide a safety blanket and all in all you can look at a 30-40% save for just one vehicle. That translates to more money in your pocket by the time you’re 65 years old.
