Getting The Most For Your Car Dollar

Peter Smith decided he was finally going to play it smart. The next time he bought a car, he told himself, he was going to buy the cheapest car he could find. That way he could trim his transportation costs to the bare minimum.

But a funny thing happened to Peter. He did buy the cheapest car he could stand to own, but four years later, when he decided he wanted a new vehicle, his old “cheap” car didn’t turn out to be such a bargain after all. Why? Well, there might have been a variety of contributing factors like Read more . . .

Depreciation Can Be Dilemma

Don’t let anybody kid you–buying a new car is not a “good investment.” A good investment is something that should appreciate in value or in some other way earn you money. Well, one thing is sure, the new car you buy today is not going to gain in value over the course of time, so you are much better off looking at a new vehicle as an expense. And good business sense suggests that you should do everything you can to minimize your auto expense. But, of course, most people don’t even come close to doing that. They have been brainwashed to believe that a brand-new car is an important symbol of their status and success and, further, that they need to acquire one of these totems every two or three years or so. That’s great for car manufacturers, not so great for your personal financial well-being. Read more . . .