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.