Hey, I'm Megan and THIS is my advice column. I'm here to help. I will always give you the best advice possible and I will always be real with you.
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I'm turning 16 and I am getting a car for my birthday. My dad wants me to get a new car, but I'm not so sure because I've heard that a new car loses a certain amount of value right as you drive it off the lot. I want a Jetta, and so what would be better: a new one, or one that is 1 or 2 years old? (link)
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Okay, you're right about brand new cars losing some value after they're driven off the lot for the first time. As soon as you buy a brand new car, it loses about $5000 of value as soon as you drive it off the lot. It's a better value, economicly, if you buy one that's a few years older. If you're helping to pay for the car, you should seriously concider buying a used one from the Volkswaagen dealer.
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