As appealing as purchasing a new car can be, it may not be the best option when it comes to getting the best value. New cars can depreciate as much as 11% the moment you drive them off the lot. That means that a brand-new car worth $20,000 can depreciate up to $2,200 simply by driving it home.
Luckily, you have options. There are a plethora of affordable used cars on the market right now. Most car dealerships these days have a separate department at their dealership that is designated to sell only used cars. It is there where you can find the...