Save BIG by Buying A Used Car
February 20, 2000
If you are in the market for a different car, have you considered buying a used car? There are some very good financial benefits to buying a
used vehicle. Of course, if you are the type who only wants new vehicles, then this information will be food for thought for you, while people who would consider buying a used car, will find this information
exciting. Let's take look at the overall financial impact of purchasing a new versus a used car. For this example, the new vehicle will cost about $28,800
and the used vehicle will cost $15,200 over the next 5 years. We will also assume that after you finished paying for the used vehicle that you continue to put into the bank the same amount as the car
payment. At the end of 5 years, here's how much your net worth will have increased. These numbers do not include any interest on the savings. |