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(Vladimir Mucibabic)
(Vladimir Mucibabic)

Personal Finance Reader

Are used cars for suckers? Add to ...

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Are used cars for suckers?
A contrarian take on the theory that financially savvy people buy used cars and not a new vehicle. This is a U.S. blog post, so the prices may not line up exactly with our market. But the points here are valid - used cars of recent vintage may not be as cheap as you think in comparison to buying new.

More related to this story

Tax tips for dividend investors
A useful look at how dividends are taxed in the hands of Canadian investors. There’s a good summary here on how the dividend gross-up works, and on holding dividend stocks in a registered plan.

Smart phones: What a trip
This infographic shows how the smart phone is changing the way people shop for and book their vacations.

An all-star team of junk products
An amusing list of useless products that includes premium bottled water and extreme fuel treatments for your car.

More money
Join the 13,000+ people who subscribe to my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters. I’m also on Twitter.

Follow us on Twitter: @globemoney

Editor's note: If you don't receive Rob Carrick's newsletter twice weekly by email, you can sign up to get it for free at The Globe and Mail. All you need to do is register for the site, or if you've already registered, log in and go to your profile at the top of the homepage. Once you're in your profile, look under Newsletters and Alerts and look for the Personal Finance Reader and other newsletters. Other financial newsletters include: Business Ticker, a summary of the day's top business stories; and Berman's Market Update, a summary of the markets at the open, noon and close.

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