Car purchase
May 24, 2018
I’m Miriam Neff-with STARTING OVER FINANCIALLY, and I’m Valerie Neff Hogan, and we’re here to talk about money
M Are you starting over financially and have to purchase a car for the first time on your own?
V We have bought our last 3 vehicles from private owners on Craigslist. Online venues can save you money, but they are not without risk.
The two most expensive ways to own a car are leasing and buying new.
Leasing has traditionally been frowned upon by almost every financial advisor. An exception might be if you lease that vehicle through you company.
Buying a new car gives you reassurance and protection against unknown repairs and a warranty, but the car will lose a significant value when you drive it off the lot.