SMS 125 – Used Cars Part 1 – Why Buy a Used Car

Why buy a used car:

  1. It’s not a status symbol, it’s transportation
  2. Learn resourcefulness – shopping and owning (limited warranty, the warranty is not free its built into the price, if the company was losing on warranties they would go out of business)
  3. Less Stress – pre-scathed, pre-dented (pre-flawed)
  4. The second largest purchase you will ever make (this can make a difference)
  5. This is a purchase you will repeat – get it right (every 10 years, get it wrong and it compounds)
  6. Borrowing money for things that go down in value (with a new car you can be upside down on your car loan)
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