Tuesday, September 21, 2010

Greetings Thrifty Friends,

Unfortunately, it is true that your brand-new car starts to
lose value as soon as you drive it off the lot. If you buy
a car from a dealer, you are paying that dealer's mark up,
so the minute the sale is completed, that markup comes right
off the top.

In the first year of ownership, a new car loses 15 to 20
percent of its value. Buying a low-mileage, late model used
car will immediately save you that 20 percent! And any car
with low-mileage that is only a couple of years old is barely
broken in. All you need is a little bit of patience to find
the right vehicle.

Please scroll down for more.

Keep pinchin' those pennies,
Penny

------------------------------------------------------------

Don't Guess Your Vehicle's Tire Pressure - Know It!
Get the Travel-Sized Digital Tire Pressure Gauge Keychain
http://pd.gophercentral.com/u/14465/c/186/a/619

*****

TODAY'S THRIFTY TIP:

Some quick math will help you find the right price for the
car you're looking for. You should pay at least 20 percent
down, finance for no more than four years, and the payment
should be less than 10 percent of your income. This will
keep you from owing more than the car is worth and prevent
you from buying more car than you can afford.

Remember, cars don't appreciate, they depreciate. Pay as
much cash up front as possible to. The last thing you want
to do is finance a depreciating asset for ever.

And keep the vehicle for as long as possible. Usually any
repair short of rebuilding an engine is going to be cheaper
than coming up with the monthly payment for a new car.


*** PENNY'S THRIFTY TIPS BOOK IS HERE ***

Save your money simply and successfully with all of Penny's
best Thrifty Tips. For more info or to order visit:
http://pd.gophercentral.com/u/14727/c/186/a/619