Here you are with a 13 year old reliable import with 268,000 miles on the odometer. The paint and interior and list of repairs needed outweigh any interest you have investing good money in a worn car. Your family has made subtle comments that it is time for a new or used car. You agree. All is go until you receive sticker shock at the price of new cars in 2013. Ouch!  

Fact: October 2012 average new car out the door price was 30,785.00 dollars. Ouch!

Fact: October 2012 average used car out the door price was 12.075.oo dollars. Oh, really?

In 2013, the economy is down, and it is still best to be careful taking a 5 year new car loan

Here are 8 great purchasing economic reasons why a used car may meet all your needs!

1.     Cars made in the last 10 years have vastly improved reliability and durability. http://www.edmunds.com/car-buying/10-steps-to-buying-a-used-car.html?mktcat=nl-leads_standard&kw=march2013+main+story&mktid=nl61944396

2.     New car prices keep growing: 5% last 3 years mainly by increased iron & copper costs!

http://usnews.rankingsandreviews.com/cars-trucks/daily-news/080530-Car-Prices-About-to-Increase/

3.     Technology improvements you want are fitted to late model cars, 3 to 5 years old. http://vehicle.ezinemark.com/technological-improvements-in-modern-day-vehicles-7d3644ae310b.html

4.     Many manufactures have longer warranties so many are still active on 5 year old cars. http://www.edmunds.com/auto-warranty/understanding-extended-warranties.html

5.     Modern engines have world class engineering and metallurgy that are proven durable.  http://www.theautochannel.com/news/press/date/19970321/press001538.html

6.     Today’s engine/ transmission oils are often synthetics and have improved engine life. http://autos.jdpower.com/content/consumer-interest/HKHBYmL/synthetic-motor-oils.htm

 7.     Safety margins have increased with each model redesign and side impact air bags. http://www.cnbc.com/id/43180770/Small_Cars_Make_Big_Safety_Improvements

8.     Insurance rates are lower for later model cars because of safety improvements

http://www.cheapcarinsurance.net/the-safest-small-cars-of-2011/

Don Wollum Senior Master ASE Technician and owner of Tech Check Mobile Auto Inspections; http://www.carinspectionsnc.com

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