20. The best way to save money on a car is to buy a late-model used car and drive it until it's junk. A car loses 30% of its value in the first year.
Don't believe your father's old-fashioned warnings about buying used. Buying a "pre-owned car" means you've let someone else drive those expensive early miles.
Do your research, of course, and look for a reliable model. But today's cars can generally be expected to rack up six-digit odometer numbers before experiencing major mechanical breakdowns.
Check ConsumerReports.com for detailed reliability information. Sites like
Edmunds.com and Kelley Blue Book's
KBB.com can help you narrow down the price you should pay.
You don't have to spend a lot of time to put your financial house in order. Money Magazine shows you the easy way. (more)
