Ways to Save Money
by FinanceCookies - July 23rd, 2009.Filed under: Economy and Government, Savings and Habits. Tagged as: economy, money saving tips, used cars.
Cars are interesting assets. For some reason in our culture we strive to drive a nice car. When we pull up anywhere we understand our car is making our first impression for us and so want it to be a good one.
The problem with this is that cars are simply put terrible investments. Unless the car is over 30 years old it will only make you lost money. You should know that as soon as you buy a car and drive it off a car lot it immediately goes down in value.
When you drive your car off the lot it has just gone from being a new car to a used car even though it has not changed at all. In this economy we cannot afford to be buying brand new car only to lose thousands of dollars. Now is the perfect time to buy a used car so we can invest our money in things that will actually appreciate.