Leases, schmeases! Get a cheap used car
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Used cars are cheaper than ever, thanks to an oversupply and weak demand, according to this article from MSN Money:
Wheels come off the used-car market
Paul Taylor, chief economist at the National Automobile Dealers Association, says that “[t]here are tremendous bargains for customers looking for basic transportation.”
Armed with a little knowledge like the Kelley Blue Book value and perhaps an internet search of local prices or even searching on eBay will give you a good idea for fair market value for a good used car — and a good starting point for negotiations!
2 Responses to “Leases, schmeases! Get a cheap used car”
By John MacKenzie on Jul 29, 2005 | Reply
I never plan on buying a new car in my lifetime. I feel having a used car rather than a new car has no tangible effect on my lifestyle. Not only am I saving money with my purchase, but I am saving at least an additional $100 a month on Insurance. (I live in Massachusetts, where auto insurance is quite expensive)