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 If you're like most Americans, you probably do not want to drive a new car every few years. But if you think that an intelligent decision on financing? Many financial experts say that buying a used car is one of the smartest financial decisions you can make. Why? And 'because a new car loses 60% of its value in the first 4 years. This is why many self-made millionaires drive older. Even Sam Walton, founder of Wal-Mart, was famous for driving an old pickup trucks.

While new cars are clean, have that new car smell, and it's fun to show your neighbors and friends. But is it worth the price? Dave Ramsey, financial guru, tells his audience that you can not afford a new car until you are filthy rich. He strongly recommends saving your money and buy a car. Used cars have already written in the value. The person who bought the new car of the new concession was hit the car has dropped in value. You get to buy the car with all the bells and whistles, but at a discount. Not only can you get better value, but you can also buy cars much more when you buy used.

Also, when you buy a car that was on the road for a couple of years, many problems have already been worked out of it. The initial problems were attended by the warranty work done by the previous owner. Cars these days are of much better quality than what they were, to a fault much less frequently and last longer, much more.

If I approached you and said I had an investment that was guaranteed to decline in value of 60% over four years, would you drive. Therefore, vehicles are not an investment, they carry. Use your car to get from point A to point B, but not to take you further and further from your financial goals.

That's why I recommend buying a used car instead of a new car. If you want to make an intelligent decision Financial, is looking for a car that has a couple of years, has low mileage, and to provide basic needs of transportation safety. Save the fancy vehicles, when you reach financial goals.