When Buying a Used Car: Knowledge is Power...

Americans are buying used cars more than ever, 41.4 million of them compared to only 16.1 millions new cars in 2007, according to CNW Marketing Research Inc. New cars, on average, lose 15-30% of their value the moment they're driven off the lot, according to auto web site Edmunds.com. Automobiles, new or old, are becoming more reliable but with bad economy, Americans are preferring to buy second hand cars which are turning out to be, more and more, reliable used cars with the advance in innovations