4 of 6 (Maybe) Surprising Things You're Paying Too Much For

Posted by on Jul. 26, 2013 at 6:12 PM
  • 30 Replies

By Sarah Fernandez

Cars

The old saying goes that a new car loses value the second you drive it off the lot. A car can lose as much as 60 percent of its value in just two years, so why do so many of us buy brand new cars? Sure, the lure of the latest and greatest in new cars is exciting, but it's always exciting to get new wheels, even if they've been used. Buying a car that is just a year or two old with fewer than 30,000 miles isn't that far off from getting a brand new one, except that you'll save several thousands of dollars on it while still getting a reliable car. Buying a slightly older car will also save you money on car insurance since your car's valuation won't be as high.

Image: Emilio Labrador/Creative Commons

by on Jul. 26, 2013 at 6:12 PM
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Replies (1-10):
Apr1l
by Platinum Member on Jul. 26, 2013 at 6:36 PM
I could see that
Posted on CafeMom Mobile
Hannahsmommy816
by Platinum Member on Jul. 26, 2013 at 6:38 PM

definitely, they start losing value as soon as you drive away

notjstanothrmom
by Bronze Member on Jul. 26, 2013 at 6:39 PM
1 mom liked this
I wish these posts were all together, I hate having to search around for 1 of 20 yadda yadda yaddas.
Lovemyshadows
by on Jul. 26, 2013 at 6:43 PM

That's why we take care of them and drive them until they die.  We currently own 2 paid for vehicles.  We have one new one, the truck is getting old.

alf2651
by Amanda on Jul. 26, 2013 at 6:55 PM

I can definitely see that.

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lasombrs
by Sara on Jul. 26, 2013 at 7:15 PM
I always have trouble tracking some down too

Quoting notjstanothrmom:

I wish these posts were all together, I hate having to search around for 1 of 20 yadda yadda yaddas.
lasombrs
by Sara on Jul. 26, 2013 at 7:16 PM
We both sold cars so I knew this one. We drive older cars
lyrick24
by Platinum Member on Jul. 26, 2013 at 7:18 PM

 we used to buy used all the time. but we just bought a new one and got rid of one and we will drive this until the wheels fall off. plus it was what we wanted. it has eight seats in it and everything we wanted was put in there. now we have room enough for my grandchildren.

mom2jessnky
by on Jul. 26, 2013 at 7:19 PM

Meh I like new cars. I'm allowed a vice if I can afford it, and I can. 

brownhoney21
by Ruby Member on Jul. 26, 2013 at 7:21 PM

 Thanks for info.

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