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Buying, Selling, Leasing and Trading In Cars with Car Dealership Guy
All the Hacks with Chris Hutchins
Optimizing Your Car Purchase Financially
The secret to optimizing financially when buying a car is to go for a three to four-year-old car priced between $20,000 and $30,000, preferably a domestic vehicle such as Ford, GM, or Chrysler. This price range offers a sweet spot with ample inventory and affordability for most buyers. Going above $50,000 may provide more negotiation leverage, but it also means doubling the cost. Opting for a three to four-year-old car means the majority of depreciation has already occurred as the first owner absorbed it, making it a good deal to purchase secondhand.
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