“Whatever you do, resist the temptation to buy new. You’ll lose 10-20% the minute you drive it past the curb of the dealership…”
You’re wrong on this. People talk about cars depreciatiing when you drive off the lot and the4 reason that is typically the case is because you just paid tax of %7.75 and Vehicle Licensing fee.
If you are careful with your purchse decision there is very little depreciation. Additionally you eliminate the resik of picking up a lemon. AKA there were plenty of post Katrina Cars that showed up in secondary markets looking new.
You will also find that new cars get better costs in terms of financing.
If you got the cash and can afford it you almost always better off to buy new.
