Your teenager has passed their driving test and been awarded a license from your state, and you've decided to help them out by purchasing their first set of wheels. For many families, the logical thing to do is to buy a used car for the new driver. Used cars are not only less expensive to buy, they're less expensive to insure. And they take a little pressure off of your newly minted driver – a few scratches and dings are par for the course for most teens, and they won't be so noticeable on a used car.
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Thousands of Americans buy a new sports utility vehicle (or SUV) every year. While some buyers will buy their new SUV outright, some people prefer to trade in an older vehicle as part of the transaction. A trade-in can help you cut the amount of cash you need to come up with, but it's important to make sure you get the best possible price for any used car or you could lose money.
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