| If you are thinking of owning a car, consider a | | | | new car. When it comes to luxury cars and |
| cheap used car. It allows you to have more | | | | subcompacts, their depreciation is even quicker. |
| savings. A used car does not mean that it is | | | | For example, if you have an eye for a Mitsubishi |
| inferior. When a brand new car leaves the | | | | Galant ES, you can have it $7,000 cheaper two |
| dealership, its market value depreciates by $2000. | | | | years later at 24,000 miles. There are other good |
| Some cars drop in value even more. | | | | deals on cheap used cars in excellent conditions, |
| After three years, it is only worth 60-70% of its | | | | particularly cars with low mileage. Rather than a |
| original price. In a case to case basis, you can buy | | | | fixed price like brand new cars, the prices of used |
| a used car loaded with accessories and enhancers, | | | | vehicles are quite negotiable. |
| which you might not afford had you bought a | | | | |