A lot of people are set on buying a new car.  Yet, if you can purchase a high quality used car for a portion of the price of a new vehicle, why wouldn’t you?

For instance, you will pay about $15,000 for a 2009 four-cylinder Toyota Corolla.  However, because of depreciation, that car would be worth approximately $10,000 in three years.  It would be a great choice to purchase a good used car for that low price.  You don’t just benefit in the purchase price of the vehicle, you also save money on loans and used car warranties.

Make sure to do your homework before buying a car.  You can get plenty of information about cars from the Internet and periodicals on everything from reliability ratings to the cost of an auto warranty.

Many people don’t think they have enough time to research vehicles.  Yet, it is necessary to realize that you can keep $6,000-$8,000 in your pocket just by researching for four hours.