Buying a new car is a dream for many of us. But do you know how buying a new car affects your financial health? But cars can be really useful sometimes! Then what is the best way to buy a car? While there are benefits to buying a brand new car, it might not be the smartest financial choice. At the end of the day, you have to decide whether to buy brand new or used. It's not fair or right, but new cars depreciate faster than used vehicles. The sad reality is that the average new car can depreciate as much as 19% in its first year - and that's just an average. What does this mean for you? To put it simply, if you buy a brand new car without a down payment, or if your monthly loan payment isn't high enough to compensate for depreciation, you could end up owing more than the vehicle is worth. In this video, I explain you the demerits of buying a new car and shows you a better option to buy a car.
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8 окт 2024
