If you have your heart set on a new car, then make the purchase.  But, if you can get a used car of high quality for a fraction of the cost, then why should you pay more?

A four-cylinder, 2009 Toyota Corolla lists for around $15,000.  However, current projections of depreciation would make that car approximately $10,000 in three years.  Doesn’t it make perfect sense to purchase a good car for that lower price?  Not only are you getting a good price on the car, you are also saving money on loans and used car warranties.

It is important to do your homework before buying a car.  There are numerous periodicals and Internet sites offering auto information on such things as an auto warranty, financing, and ratings about reliability.

You may feel that you don’t have the time to do research for cars.  However, you need to realize that approximately four hours of research would probably save you between $6,000 and $8,000 and give you the option for a good deal on used car warranties.