Home » Episodes » Bargain Car Buying {Family Money Minute Radio}

Bargain Car Buying {Family Money Minute Radio}

Play

Bargain Car Buying

October 2, 2015: Bargain Car Buying

One can argue as to whether or not you actually need a car. But for the sake of this discussion, let’s say your family needs at least one car to get back-and-forth from work, school, etc.

Not only is a car one of the most expensive purchases you will make in your life, but it is also one of the worst investments because it depreciates so quickly. Because of this depreciation, it makes the most sense to buy a car that is one or two years old to maximize your money.

And don’t rely on financing offers. You would be better off putting that money in the bank and earning interest on it for five years and then paying in cash for a car rather than making car payments for that same period of time.

***

The Family Money Minute is made possible by Operation Christmas Child, who reminds us that by saving money, we can make a bigger impact on the lives of needy children around the world.

Operation Christmas Child shoebox gift samaritan's purse

If you’d like to hear the Family Money Minute on the radio in your area, leave the call letters of your favorite station and your hometown in the comments below!

Subscribe to the Family Money Minute Podcast NOW

Click for more information on the Family Money Minute Radio Program

Click for Family Money Minute Posts you may have missed!