Buying a new car is not something 98% of the people out there need to be doing. It is a luxury item. Only buy a new car if you are filthy rich. There are alternatives to buying new. Used lots are overflowing, and millions of cars come from expired leases.

The money saved by buying a used car is because of depreciation (the loss of the financial value of an object due to its use). Used cars have already depreciated (60 to 70% in the first 5 years). Buying used allows the person who bought the car when it was new to eat the cost of the depreciation. Then the person who buys the car used can get a great car for much less than the new wholesale prices. Here are 75 tips to keep that car running strong.

Labels: car leasing, car shopping, money saving tip