If you’re looking to buy a car in the very near future, you need to read this article from the Wall St. Journal:
Looking for a car or truck?
Conventional wisdom says that the smart move is to buy used. Purchasing a brand-new vehicle, it goes, is a big waste of money.
After all, a new car loses a fifth of its value the moment you drive it off the lot. That new-car smell, as they say, is one of the most expensive things you can buy.
There’s just one problem.
It’s not quite so easy.
Edmunds.com, the auto-shopping website, now maintains an intriguing list of cars, SUVs and trucks where you could end up paying less per month for a brand-new model than if you bought a typical one-year-old used oneâ€”assuming you are buying the vehicle with a loan.
Go to the original article here…
or check this post regarding car auctions, and auctions in general…