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7 Money Saving Ideas That Are Actually Worse for Your Finances

1. Buying a Used Luxury Car

When you find a used luxury car going for a surprisingly low price, think twice before signing on the dotted line. A lot of dealerships deliberately showcase these vehicles in order to attract unsuspecting customers.

Watch out for sellers who prey on your fear of missing out, too. It’s likely that more sketchy individuals will talk about what driving a luxury car will feel like in order to distract you from any underlying issues. And believe us, there are many of them!

How This Might Cost You More

The costs of buying a used luxury car are twofold. First is the initial cost of the car, which might seem attractive at first. But should anything happen to your new vehicle, strap yourself in because maintenance and repairs could set you back months if not years!

They’re notoriously expensive, mainly because parts cost an arm and a leg. Unless you’re prepared to invest a lot of money, we suggest buying a more common car.

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A.S.

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