Should I Buy a New or Used Car

Should you buy a new or used car?

Buying a car is one of the biggest expenses we have during our lifetimes, so wouldn’t it make sense to figure out if buying a new or used car is the best bang for your buck?

In this video I’m going to show you a very simple chart so you understand my philosophy conceptually, and then show you a website with more tangible numbers to back up my new vs used car buying philosophy.

The reason I compared a Toyota Camry to a BMW 5 Series and a Mercedes E-Class was to show you two different sides of the car buying spectrum. I understand that these cars aren't necessarily "competitors" to one another, but it was the best example to show the car depreciation curve.

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ABOUT ME 👇

My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos are a reflection of my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur.

This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort in every video that I make. I also believe in complete transparency and open communication with my audience.

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

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