There comes a time in every man’s life where he is faced with some tough choices: Ferrari or Lamborghini? When that time comes, we look back at our first car buying experience where all you had to do was walk in a dealership and simply pick your car, negotiate your loan rate and walk out with a car and more debt.

Well long gone are those days.

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Many people have major fears of buying a used car, they will walk in a dealership and simply go for a new car. Well, lets look at why some of us get to drive BMW, Mercedes and Audi for the price of your Toyota Camry.

Here are some facts you should know before we discuss why:
- American cars hold the worst resale value
- Aftermarket warranties are not as effective as manufacturer’s warranties
- Car depreciate for a total of five years, no matter the miles
- After five years, it becomes a cash car, and mileage does matter
- 0% financing deals are simple lies that save you nothing in the end
- Dealers make money from all ends: the car, financing, warranty, etc

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