With a soft economy and an uncertain stock market, more and more people are keeping an eye on spending and they are interested in getting more for their money. Kyle Busch has over a quarter-century of experience saving money on transportation. He answers ten commonly asked questions about purchasing vehicles and saving money.
1. Why does it make sense to consider buying used vehicles?
Transportation is a depreciating asset that loses value, especially during the first three years of ownership. Buying a 2- to 3- year-old used vehicle will provide about a one-third reduction in the cost. Additionally, the initial owner will have "test driven" the vehicle for the second owner.
2. What is a common error than many people make when buying transportation?
A common error when buying transportation involves buyers not thoroughly identifying their transportation needs and then purchasing a vehicle that does not entirely meet those needs. For example, a buyer might choose a mid-size family sedan that satisfies many of his or her needs. However, six months after the purchase, the buyer realizes that another vehicle in the same category provides a softer ride, better fuel economy, etc. and would have better satisfied his or her driving needs.
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