Buying a first car brings feelings of pride, freedom and accomplishment, but also an aspect of financial concern because your first car is likely one of the biggest purchases you've made so far in your life. From a purely financial perspective cars are a poor investment; they decline in value over time, or depreciate, so when you resell them they're often worth substantially less. But with a little research and strategic borrowing, you can minimize the impact of depreciation on your overall investment.
Buy a slightly older car
Avoid second dip in value
Research resale values
Take care of your car
Consider your ownership horizon
via Autoblog January 25, 2017 at 07:20AM