http://www.AutoSaver.com by Kimberly Ann
During a day in age when we all seem to be counting every penny, is buying a new car the best bang for our buck? Many report that there are definitely some great deals to be had buying new car, and that may lead us to believe that’s the route to go. But, this can be misleading. After all, I’ve also been told that buying a new car is perhaps the worst investment we can make, no matter what the rebates add up to. According to bankrate.com, ‘The fastest depreciation occurs in the car's first two years, when its value drops to 60 to 70 percent of its original sticker price. By buying a used car, you let a car's first owner incur the biggest depreciation hit.’
With that being said, let’s look at Kiplinger’s stats on the top 10 best used car purchases:
References
Bankrate.com Auto Calculator http://www.bankrate.com/calculators/auto/new-or-used-car.aspx
Kiplinger’s 10 Best Used Values in Cars, 2012 http://www.kiplinger.com/slideshow/cars/T009-S001-10-best-values-in-used-cars-2012/index.html
During a day in age when we all seem to be counting every penny, is buying a new car the best bang for our buck? Many report that there are definitely some great deals to be had buying new car, and that may lead us to believe that’s the route to go. But, this can be misleading. After all, I’ve also been told that buying a new car is perhaps the worst investment we can make, no matter what the rebates add up to. According to bankrate.com, ‘The fastest depreciation occurs in the car's first two years, when its value drops to 60 to 70 percent of its original sticker price. By buying a used car, you let a car's first owner incur the biggest depreciation hit.’
With that being said, let’s look at Kiplinger’s stats on the top 10 best used car purchases:
2008 Hyundai
Sonata GLS
2009 Subaru
Impreza 2.5i sedan
2009 Chevrolet Malibu 1LT
2009 Nissan Rogue S
2008 Honda CR-V LX
2008 Subaru Outback 2.5i
2009 Ford Taurus Limited
2008 Mazda CX-9 Sport
2009 Toyota Sienna LE
2009 Infiniti G37x AWD
When I didn’t see my 2006 Audi on this list, I decided to research a bit more and came across at t least 3 completely different set of results! Go figure, right? Bottom line is there are many things we need need to take into consideration. Here are five good questions to ask yourself to help you out…and not in any particular order:
When I didn’t see my 2006 Audi on this list, I decided to research a bit more and came across at t least 3 completely different set of results! Go figure, right? Bottom line is there are many things we need need to take into consideration. Here are five good questions to ask yourself to help you out…and not in any particular order:
- Many of us prefer American cars over Foreign cars and vice-versa. Do you prefer a certain brand or brands?
- What vehicles hold their value the most? How much money can I retain when I decide to sell my car down the road?
- Color does affect salability. Hint: don’t buy funky colors and expect to be able to get the most out of it down the road.
- Gas milage…how far can I drive on a full tank of gas with gas prices over $3.00 a gallon? Cha-Ching
- How much is it going to cost me to service my vehicle? $100 oil changes can get old after a while.
And after you’ve narrowed down what you’d consider purchasing, be sure to start your official search with a website that can narrow down your search results and save you time, as well as money.
References
Bankrate.com Auto Calculator http://www.bankrate.com/calculators/auto/new-or-used-car.aspx
Kiplinger’s 10 Best Used Values in Cars, 2012 http://www.kiplinger.com/slideshow/cars/T009-S001-10-best-values-in-used-cars-2012/index.html
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