I’m curious. What would you do if you were going to invest your money in something that was guaranteed to depreciate by 60% within five years?
I hope that your thoughts were something like, “I wouldn’t invest in it, duh!”
And yet, this is exactly what happens when you buy a new car.
I know. The fresh new car smell, the shiny paint, the engine that purrs like a kitten, the soft, polished leather – it’s a delightfully tempting assault on your senses. Hold firm, and remind yourself that this giddy feeling is fleeting.
Take a deep breath, and repeat this mantra: this car is less valuable the second I drive it off the lot.
I’m not a total buzzkill, I promise.
If you are looking for a new vehicle, you can get the same shiny new car experience by getting a 1-2 year old off-lease car that’s in incredible condition and has very little wear on it for 30% less than new.
If you’re looking at a car that’s $50,000 brand-new, that’s $15,000 in your pocket. To me, that’s a lot more fun than a week of that giddy brand new car feeling.
Smart money management is where I shine. I’ve seen time and again how people just like you have gone from making costly decisions and being fearful about their retirement to sleeping like a baby knowing that they’re on the road to being in the best financial shape of their lives.
Want in on this? Park a spot in my calendar by calling 513-563-PLAN (7526) or clicking here to book an appointment online.