Monday, March 5, 2012

Buying a beater beats them all - used cars win

I've posted here before about why buying a used car is better then a new car. Now Consumer Reports has verified this.

I purchased(on ebay) a 1995 Toyota Camry in 2005 with 102,000 miles on it for $4500. I still own it today. It now has 229,000 miles on it. I've put about $4000 in repairs into it over the last 7 years, but driving 18,000 miles a year is a lot of wear and tear. Whats more I never carried collision insurance on the car - so I saved even more then the article indicates.

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