My parents taught me the value of a used purchase
by purchasing a $100 used car when I was a teenager.
Even in the 1980's this was an amazing deal although I was very embarrassed to be seen in the yellow Ford.
It certainly wasn't a Porche, but it ran very well
and we kept it in the family for about two years.
It allowed my Dad to use some much needed cash to
invest in low-income housing throughout several neighborhoods.
Additionally that car served to inspire me to look for good deals in every facet of my life.
Although buying a used car for $100 may seem far fetched there are many areas where buying used can keep much cash in your pocket.
1. Couch (new) $1,200 in 2000
Couch (used) $0 in 2010
2. King Mattress (new) $350 in 1999
King Mattress (used) $200 in 2012
Beds, clothes, furniture, cars, electronics, and houses
are a few of the categories where buying used can cut your
expenses by 80-95%.
Photo courtesy of M-Pic