If you're considering buying a car, the first question you must ask yourself is whether you want to purchase a new car or a used car. It is important to weigh the pros and cons of both based on your needs and wants. We're here to help you with that.
Buying a New Vehicle
Let's say you decide to purchase a brand new vehicle.
You did it because you want all the bells and whistles of a new vehicle, including factory warranty -- and you're comforted knowing it hasn't been driven by anyone else.  But what you didn't know is that the moment you get the keys and drive your brand new car off the lot, it depreciated in value...by a lot.
In fact, new cars have 15% - 35% wiped off their value in the first year and up to 50% or more over the next 3. So now your $30,000 beauty is worth about $25,000 just for driving it off the lot! Which means the dealership won and you just lost out on thousands of dollars.
So what's the alternative?