Avoid buying new cars

Consumers are addicted to new cars and car manufactures feed the addiction though slick advertising, new gadgets, and updated designs. However, up to 20% of the cost of a car is lost immediately after leaving the dealer’s lot. The answer: purchase or lease a 'newly used' car or truck that is two or three years old. You'll receive 90% of the features, most cars are still under warranty, and you'll avoid paying the immediate depreciation of a new one. Further, because you are purchasing used, you'll avoid some sales tax and your insurance will typically be lower.