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889: How to Buy a Car, Part 4: Decide on a New Car vs. Used Car

Radical Personal Finance

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The Risk of a Used Car

Don't think that because you're getting a used car, it's just going to cost you a lot more money. It will probably cost you more money and maintenance items. But it's not because the car is worse than the new car. The big risk of a used car is buying something that has been abused or mistreated. If your car gets flooded by a storm every single part of the vehicle is suspect.

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