Chuck
10-19-2006, 12:55 PM
from http://money.cnn.com/popups/2006/moneymag/25_rules/20.html
20. The best way to save money on a car is to buy a late-model used car and drive it until it's junk. A car loses 30% of its value in the first year.
Don't believe your father's old-fashioned warnings about buying used. Buying a "pre-owned car" means you've let someone else drive those expensive early miles.
Do your research, of course, and look for a reliable model. But today's cars can generally be expected to rack up six-digit odometer numbers before experiencing major mechanical breakdowns.
If you buy into this, these hybrids would be great values if they have low milage and well-cared:
5-speed Insight 2002-2006
5-speed HCH I
Prius I
20. The best way to save money on a car is to buy a late-model used car and drive it until it's junk. A car loses 30% of its value in the first year.
Don't believe your father's old-fashioned warnings about buying used. Buying a "pre-owned car" means you've let someone else drive those expensive early miles.
Do your research, of course, and look for a reliable model. But today's cars can generally be expected to rack up six-digit odometer numbers before experiencing major mechanical breakdowns.
If you buy into this, these hybrids would be great values if they have low milage and well-cared:
5-speed Insight 2002-2006
5-speed HCH I
Prius I