The best way to buy a car is not to borrow money.
Have you ever considered paying the full price for uesed cars for sale without repeating other people’s suggestions on financing options?
I recently bought a used car for a friend and was surprised to find a used Toyota Corolla on Craig’s list for about $3500.
The advantage of Japanese cars is that in the worst case, you can reduce the mileage. Imported Japanese engines usually have only 500000-60000 miles of wear. A few years ago, I bought a new clutch and a new engine for my Honda Civic for about $1100. My 1989 Civic now runs 55.45 miles per gallon on the highway and has passed the haze test with ease.
The best advice for second-hand cars is to find uesed cars for sale with perfect interior and good running condition. Mechanical things can always be fixed. But the dilapidated interior is almost impossible to repair. In addition, with a beautiful interior, you won’t feel sorry to spend money to repair your car.
A few years ago, I read that an ordinary car is made of $3000 worth of raw materials. It’s reasonable to have all these raw materials processed into a working car at the price of 2000 dollars. In other words, buying a used car for about $5000 is quite a fair deal.
If you want something new, I’ve read about better uesed cars for sale. At the beginning, a new car had been devalued for three years.
I’ve also read that station wagon depreciates the most and the fastest.
Matthew, a car is a devalued asset. There are many better uses for your money. At a time like this, ask yourself, “what would Warren Buffett do?”