September 12, 2011

One Step Behind = A Few Dollars Ahead

You can save a lot of money by not getting the latest and greatest.

By not getting the new car, but get a car a couple years old with 30,000 mils on it. As soon as you drive a new car off the dealer’s parking lot you’ve lost a couple thousand dollars – the used value of the car is much less than what you just paid.

By waiting and not paying the “new shiny toy” penalty, you’ll save money. When something is first introduced the manufacturer has to make the money back from their investment as quickly as possible – so you’ll pay the most for the newest.

Be patient, wait a while, and you’ll end up with the same shiny toy, but pay less for it.

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