Sunday, January 25, 2009

My New Car!

As a finance major, there are two things that I was taught by a professor I had a great deal of respect for:

  • Never buy a new car, always buy a used car. Used cars don't have the "lot depreciation", are usually better these days because of services like Carfax and Certified Pre-Owned programs.
  • Never finance for longer than four years. If you can't afford it in four years, then you can't afford it!
With that said, I bought a "new" car yesterday. Because I bought used, I was able to get all the features I wanted, and not pay a hefty price tag. Take a look at my new baby! 2006 Honda Accord EX.

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