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I WOULD LIKE TO KNOW THE NAME OF THE BANK THAT IS PAYING 10% INTEREST FOR 20 YEARS. WHEN YOUR TRYING TO MAKE A POINT ABOUT SOMETHING MAKE IT TRUE NOT UNREALISTIC LIKE 10% INTEREST WHAT ARE YOU A TITLE LOAN COMPANY BORROWING THE MONEY.
Apparently used car dealerships have read this article too. Late modeled used cars with low mileage are now selling for only about $2000 less that the brand new version. I was in the market for a car and after comparing the brand new prices with the used prices. I saw the brand new car is cheaper than the2 year older model with up to 34,000 miles on it! When you want to trade in your car the dealers go by the drastic Kelley Blue Book depreciation rates, but when your buying a used car the dealers dont want to acknowlege that the car is USED and they dont vary much from the new car prices.
Used furniture I don't think so. Too big of a bed bug risk in some areas.
A new car can often be cheaper in the long run than a used one. I just looked at a year old car with 6,000 miles on it. The used car was more money than the same new model because of incentives and rebates plus interest cost.
Used electronics aren't a good deal unless you know the item has been used and not abused.
Who writes this stuff? I don't thing they have a clue....
Why do these "savings" articles always tell you how much you will save over 10-30 years using unreasonable numbers? For example -- "If you can save $10,000 every year by buying used, then compound that money at 10%, in 30 years you'll be $1.8 million richer than someone who buys the same things new". No one is going to save $10,000 per year using the principles mentioned in this article, and since when can you make 10% on your money every year for 30 years. What a crock of crap.
WTF??? Previous articles said NOT to buy used furniture because of bedbugs and such.
Make up your mind and print it. We aren't elephants billy g. Get with it a$$wipe.
We're in the process of buying a car and what we're figuring out is that people are so desperate to save even a little bit of money that they're driving the price of used cars up to the point where the 1 year old model (that the author of this article says is supposed to save 20%) has almost the same sticker price of its new counterpart. Some used cars were literally more expensive than the new ones after incentives. It's ridiculous!
At any rate, I think the author of this article is using outdated statistics and generalities. Most everything mentioned held true several years ago, but not all of it does in today's wacky economy.
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The Fed's latest statement confirms that it won't be coming to the rescue of depositors soon, but these institutions are worth following anyway.
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