Open Tips : Auctions Tips : How to buy a used Car at 90% savings off the book value

How to buy a used Car at 90% savings off the book value

By Steve Li | Open Tips

To buy a used car is a great idea for saving money. Everyone knows that a new car lost 65% of its value in the first 5 years. But the case would be more extreme for a 1 to 2 years old car, it will lost its value 30-40%.

If you don't mind to drive a used car (I mean a 2 to 5 years old car, it looks pretty new) rather than a new car, you may save much money to pay many other bills. If you want to keep the car not too old, you may resell it after driving for 2 to 3 years and buy another newer one. The value of the car will only drop 15% or less for a 5 years old car. Therefore, your driving cost for 2-3 years would only be 10-15% of the car's original value.

The price quote above was only the price you buy from an ordinary car dealer. However, you can buy it much cheaper through some special channel.

Have you ever heard that around the country, hundreds of thousands of vehicles get repossessed by various institutions ranging from banks to US Customs, and everyone of those cars is going to be sold at an auction, online or traditional. Usually, before, only car dealers with a special license could benefit from these incredible savings, however, with a membership at some special organization, you can join the ranks of the lucky ones and find bargains that you could only dream of. Almost nothing will be out of your range as a member of this site - you will be able to get a car you always wanted but could not afford to spend so much money on.

By the way, many people may ask why wouldn't everyone buy a car this way, instead of the usual going to the dealer or classified ads routine? The secret is : because this is a very protected source of revenue for the majority of car dealerships and is not advertised to the general public. But, if you are a member you can have access rights to the direct source and buy your vehicle with up to 90% savings off the book value price.

In conclusion, buy a used car through a special organization can help you save up to 90% off the book value. You can keep the car pretty new according to the strategy I suggested. So enjoy a pretty new car with an affordable price.

Steve Li is the webmaster of http://cheapcarfinder.yourbestchoices.com .

By subscribing to his twice-weekly ezine get a FREE REPORT "Driving To Savings: Car Tips To Save You Money", send a blank email to: mailto:carfinder@yourbestchoices.com .

stevelkw@hotmail.com

About the Author:

Steve Li

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Open Tips website is developed using SEO Web Design by Binh Nguyen to provide free tips and advices from well known experts.

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