019: Why Now is the Best Time To Buy A New Car
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019: Why Now is the Best Time To Buy A New Car

Hi there, Moneymakers!?

It's shaping up to be a busier-than-usual holiday travel season. The TSA is projecting exceptionally high volumes of airports travelers this year, and AAA projects 115.2 million travelers will drive at least 50 miles from home over the holidays (a near-record high). As a seasoned holiday traveler, I've got two hot tips for you: One, leave early for the airport and two, for the love of God, please keep your socks on while you're in the air.

— Annie

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Michael M. Mendoza, PhD, CREI

Real Estate Investor, Retired OS&H-LC-RM Professional, U.S. Army Veteran

1 å¹´

If the purchased new vehicle is financed (the next 36-84 months), for me, the answer is no. If it’s being purchased via cash, I would make sure it’s affordable. New or used, vehicles are a depreciation asset. In other words, as soon as it leaves the lot and documents are signed, the vehicle has depreciated nearly 30 percent. Even if it went 0.1 mile.

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