5 Ways to Reduce Exposure to Car Depreciation

5 WAYS TO REDUCE NEW CAR DEPRECIATION 1 Buy a used car at least 1 year old 22k - $20,000 20k - $17.800 AVOID YEAR 1 18k- DEPRECIATION $14.845 3 16k - A New $20,000 Car Loses $5,155 or -25% of its Value in the First Year! 14k Day 1 Time of Ownership Purchase Year 1 2 Buy from a private seller to avoid fees PRIVATE SELLER CAR DEALERSHIP vs You Pay You Pay • Retail Price • Documentation Fee • Destination Fee • Tax, Title & License Fee • Wholesale Price • Private Mechanic Inspection *10-15% Cheaper 3 Choose a make that is known for holding its value More often than not. SUVS and trucks hold thei value better than cars do Just be careful of the MPG rating % of Original Value at 5 Years I Tayota General Motors I Lexus Honda Subaru 4 Choose a make with a reputation for reliability These makes can exceed 180,000 miles belore they lose all ol their value This does not account for how many miles they can go before their tires fall off. Average Mles Before Value Reaches S0.00 Toyota I Honda Ford General Motoprs I Subaru 5 Drive your car for as long as you can • Reduce your liability by spreading it over a longer period of time • Get your money's worth by driving your vehicle for 10 years or more • 200,000 miles is becoming the new benchmark! 200,000 |Milea! Misfit Money www.misfitmoney.com