People often like to buy the newest cars and trucks with all the fancy new features. However, these cars can be expensive. They also are not a great investment. In fact, the second you drive a new car off the lot, it loses a significant amount of value. Used vehicles are a much better bargain.
In this video, you will learn why you should buy a used vehicle from your local used car and used truck dealers.
In this episode, Jennifer calls in to ask how much she should spend on a used car. She has nearly $25,000 in credit card debt and about $6,700 of cash on hand for a new vehicle after selling her old vehicle. Dave recommends that she buy a car for $5,700 dollars. Tis leaves $1,000 of wiggle room left to start attacking that $25,000 of debt. If you are in debt, it is always better to get a good deal on a used car and work your way out of debt before upgrading to a better car. In fact, many used cars give a much better bang for you buck. An example of such a car is the Toyota Camry. These used cars aren’t expensive, but they can still do what you need them to do.