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By: Nathan Knightley
Should you buy used cars or new ones? New cars begin depreciating the second you sign the papers. Now that question is an easy one. Buy the car after it has taken the biggest value hit. That of course combines with the concern over the state when a car needs less maintenance. The slightly used car is about the best for both concerns. The big hit to car value has already occurred. Someone else absorbed that loss. The car likely won't need constant repair work, and the warranty is still probably valid.

Late model used cars are available from a variety of sources. Car lots have a lot of traded in cars. The dealers want to sell those cars. Companies like Carmax and eBay motors have tens of thousands of used cars available for browsing. In America there are car auctions every weekend. Dealers auction cars, as do cities when police confiscate them from criminals.

The most trusted source for used car prices is Kelly Blue Book. It lists cars by year, then the general prices for those cars in various conditions from excellent to poor. It also breaks down the prices between dealer sales and private sales. That does make a difference because dealers have overhead that private sellers do not have.

Have you considered financing? Think about saving up the pennies and making a cash purchase. No matter how low the monthly payments or interest rate, paying cash is better. Yes, cars are status symbols. Remember, however, that even simpler models get from point a to point b. That not only helps your bottom line, but your blood pressure. People who own the luxury cars worry more about them. Many used car owners take pride in their cars, but don't worry over a ding or two.

Sure cars are a status symbol, but wealth isn't based on what you spend. Net worth comes from saving. Saving turns rich people rich. Saving money on a used car can be one step to being wealthy.

About the Author:

This well known author is also a communication aficionado and without a doubt likes to bring to you his newest information with people like you. Read more now concerning Used Cars and Buying A Used Car Tips at his website http://www.carsworldonline.com/used cars .(-> Come receive your free ebook of the month just for visiting the site!)
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