25 Ways To Get Rich

This morning I read a great blog post that listed 25 ways to grow rich. There are some great tips listed, and I highly recommend you read the article.

Listed at number 20 is one of the best tips:

The best way to save money on a car is to buy a late-model used car and drive it until it’s junk. A car loses 30% of its value in the first year.

This is why Park Automall in Tampa Bay Florida is the leader of car sales in their area. They do not sell new cars or trucks, they’re all late model pre-owned cars and trucks.

Last year I bought a new 2008 SS Chevy Impala. The sticker price was $33,000.00. At the time I was a General Motors employee, so I got it for about $28,000.00. Today the retail price of my Impala is $21,190.00. I lost about $7,000.00 in a year. To make matters worse, if I was to trade this in I would only get about $16,375.00. That’s $12,000.00 I would lose in a little over a year!

For this reason, my next car will be a late model pre-owned car and Park Automall in Tampa Florida. They have well over 200 used cars and trucks to look at, and their prices are thousands less than any other dealer in Florida.

Even if I still lived in Boston, I would call Dave Ingold and negotiate over the phone. If I agreed to a number I would drive my trade to Florida and drive back with my new car. If I wasn’t trading in, I would simply fly one way to Tampa and drive it back with a temporary tag.

I highly advise you to check out Park Automall’s Inventory!