About 3.3 million cars will be coming off lease in 2001. Buying a used vehicle can save you a bundle. It all has to do with a vehicle's depreciation, or decline in value. The steepest depreciation occurs in an auto's first two years, when its wholesale value plummets to 60 to 70 percent of its original sticker price. By buying used, you let a car's first driver deal with that big depreciation nosedive.
Nobody needs a new car.
It's never a practical decision to buy a new car. U.S. Highway 1, North Palm Beach, Fl. Bankrate Inc. all rights reserved.