Looking to get a new car?
Believe it or not, the smartest move might be to buy used!
Why? Because of leasing. So many American now lease their cars. Most of those leases are up in 3 years. Plus, leases penalize drivers who go over 10,000 miles a year. The result is an abundance of late model cars with relatively low mileage.
The vehicle information website Edmunds.com estimates that used car prices for cars 3 years old or newer are actually coming down! You’ll find the best deals on subcompact, compact and mid-size cars. In addition, many car dealers now offer extended warranties, some up to 100,000 miles.
If you’re in the market for wheels, remember, you’re in the driver’s seat!
The experts say most extended warranties aren’t worth the money. Chances are good that if anything is wrong with the item, it’ll break down during the original warranty period. If it doesn’t depreciation on the item may make replacement a wiser choice than the cost of the extended warranty.
One exception: if you have a Smartphone and are prone to breaking or losing it.