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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,

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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.