New vs. Used Cars – The Money Guys At oXYGen Financial

Money Advice From The Money Guys At oXYGen Financial – New vs. Used Cars

Buy a used car. If you buy a new BMW 4 door 328i Sedan, the average consumer is paying $31,011 according to bluebook.com.    If you look at the similar BMW model that is just 2 years older in excellent condition with low mileage the price is $22,625 which represents a 27% decline in value over 2 years.  Hypothetically, if you invested the $8,386 difference by buying the used car versus the new car in an investment at 3% rate of return over 25 years, you could have an additional $17,558 in an account at retirement.  Past performance is no guarantee of future results.  All returns are for illustrative purposes and not indicative of any particular investment.  Investment value will fluctuate with market conditions.  Just another breathe easier® tip from your money guys at oXYGen Financial, Inc., 11680 Great Oaks Way, Suite 175, Alpharetta, GA 30022 – Call us for a complimentary consultation at 800-355-9318.

About the author  ⁄ Ted Jenkin @ Your Smart Money Moves

Ted Jenkin @ Your Smart Money Moves

Hey!

My friends and family all think I’m a workaholic, but I say I’m just a guy that loves to help people do better in life.

My mother is still the only one that calls me by my real name Theodore Michael, my wife calls me Teddy, but for the rest of you it is just plain old Ted.

Ever since I was a little kid, I always loved money and being an entrepreneur. In fact, I still have cassette tapes of me talking to my grandmother at the age of five and my mother tells me all the time how much I played with money as a kid…

Read More About Ted Here

Ted Jenkin is a frequent guest columnist for the Wall Street Journal and Headline News Weekend Express. He is the co-CEO of oXYGen Financial. You can follow him on LinkedIn @ www.linkedin.com/in/theceoadvisor or on Twitter @tedjenkin.

Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice.

The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Advisory Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor regarding your individual situation. 

Background and qualification information is available at FINRA’s BrokerCheck website.

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