Buying a car

[autoxer]

I understand that.

When we were looking years ago, the cost of financing was significantly higher than a new car, making that two year old car more (even with some negotiating of the initial price) by the end of the 4 year loan.

My point was to make sure and round the numbers before buying. You may very well end up with a closer gap in price than you think between a 2 year old car and a new car.

Dawn

Penfed will finance a used car for 1.49% interest, which isn't quite as low as their .99% on a new car, but it is close enough to eliminate that as the excuse to buy new. There are tons of ways to justify buying a new car, but doing it because it is cheaper is simply not one of them.