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In One Chart: Buying a car this July 4th? Why getting a 10-year-old vehicle is a savvy move

Want to make sure your car won’t wreck your budget? Here’s a chart that might help.

In a corner of Reddit devoted to visual representations of data, users are buzzing about a graphic that looks at different approaches to car ownership.

The graphic, shown below, indicates that the cheapest thing to do is to buy a 10-year-old used car, keep it for five years, and then repeat.

The most expensive approach is buy a brand new car, keep it for five years, and then do that again.

Is it ever cheaper to go with a brand new car rather than a used car?

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