Before my wife and I got married, I explained to her a few principles that I live by, and firmly believe has saved me countless thousands of dollars. That principle was backed up today in a MSN money article about things that you should never buy brand new. I had told my wife that unless we hit the lotto I would never ever buy a brand new car. I would only buy newer model cars that were at least one year old. The simple reason was the price differential, to this day I buy used. Many people consider their cars a status symbol and have to buy new. For me it is transportation plain and simple. I have saved countless thousands of dollars by just waiting and being patient. The wife drives a mini van which is less than 3 years old and cost me less than 11,000 I drive a 4 year old Volvo that she bought on a lot for less than $4500.00 both of these vehicles where well below blue book. Sure I had to put some tires on them but a $400.00 set of tires is cheaper than a $400.00 a month car payment.
In the MSN article list 9 other things that you should never buy new and I am glad to see that other people out their share the same thought process. [MSN]