Tuesday, March 20, 2018

Greetings Thrifty Friends,

Today is the first day of spring, and when the weather starts warming up a lot of people start thinking about car buying. If you are in the market for a new vehicle my first advice would be to keep the car you have. Unless it is a health and safety hazard, any vehicle that is paid off will be cheaper than coming up with the $300, $400 or $500 a month for a new car, no matter what repairs or maintenance you have to do to it. However, if you absolutely have to buy, keep these tips in mind...

Keep pinchin' those pennies,
Penny

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TODAY'S THRIFTY TIP: Buy Used.

You have heard that a car loses 20 percent of its value as soon as you buy it. A $30,000 car will lose $6,000 as you drive off the lot.

Instead of buying that new car for 20 or 30 grand, buy a 2-3 year old car with low mileage of the same make and model for about half price. Remember, the minute that brand new vehicle rolls off the lot it becomes a "used" car.


BONUS TIP: But at the end of the month.

It may not always work, but dealers always have quotas to meet, and if you happen to catch a dealer behind on their quota at the end of the month, they will be much more willing to knock that two or three thousand dollars off the price of a vehicle to make the deal.