Post by @thejoehardy

You paid twice what the car is worth 😵 Here's the math they don't want you to see: → Average new car: $42,000 → Year 1 depreciation: -$8,400 before your first payment → Year 5: 60% of the value is gone — that's $17,000 lost → Add 6.8% interest over 69 months = $9,500 in interest on top Total damage? You paid $51,000 for a car now worth $25,000. That's a $26,000 loss. On one car. Instead — buy the same car at 3 years old for $25–27k. Someone else ate the depreciation. You get the car. 3 rules: 1. Search CPO vehicles 2–3 years old (look for off-lease) 2. Get pre-approved at your credit union BEFORE the dealership 3. Negotiate the total price — never the monthly payment Save this before your next car purchase. 🔖 #PersonalFinance #CarBuying #MoneyTips #FinanceTok #CarLoans