Beach Rat, buying a new car is not always bad. It is, however, one of the biggest financial mistakes Americans make – and they do it over and over and over.
My last car was four months old when I bought it. It had 4,000 miles on it and a warranty up to 60,000. I saved 20% of the lowest new purchase price available at the time. I’m now up to 70,000 miles and no problems.
I did have to sell a bunch of ebay to buy it. Turns out I missed out on 40k in gains. 🙁 Oh well, if we could predict the future we would all be rich!
