Are you a savvy shopper?

[Broken Arrow]

Kiplinger wants to know!

(I scored 8 out of 10 by the way.)

[herm4]

I also scored an 8 out of 10. Hmmmm.....interesting that we are scoring the same.

[kimiko]

I got 8/10 too, but I have to disagree with one of my missed question

SPOILER if you haven't take the quiz.




Is it better to buy a late-model 2007 car at year-end, or a new 2008?

SORRY, WRONG!

Your answer A. 2007 model is incorrect.
The right answer is B. 2008 model


2008 model. Carmakers' incentives on 2007 cars may tempt you to skip the 2008 models just coming into showrooms. But unless you get a huge discount on the '07, you'll likely come out ahead buying an '08 model. The reason: depreciation. As they've sat on the lot, the 2007 cars have already bled resale value, and will cost you more in the long run than if you spring for the newer model.



Reasons:

1. I don't plan on buying car as an investment.
2. Repair cost less for older car
3. If it's not used, there isn't any additional cost since they both have the same mileages and usage.
4. From what I've seen of used car, one year doesn't make any different in price. The miles, colors, options determined the price. The price different based on manufactured year only apply when it's 2 or 3 years apart.
5. Incentive, even if it's just a little, on a 2007 is always much better than no incentive on a 2008.

[Broken Arrow]

Yeah, I'm not sure if I completely agree with the logic there, even though it's worth considering. That's one of the questions I got wrong.