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By driving a used vehicle, Therese has found smart ways to cut costs at every turn.
Here are the ways an average middle-class retiree cuts costs by driving a used car.
Take the listed price with a huge grain of salt, and get ready to play hardball.
The savings over buying new can be 40%-50%.
Those small service costs can really add up over time.
Its always worth asking if they offer any senior rates or discounts.
This allows her to qualify for low interest rates when financing the purchase of her used vehicles.
The longer you finance a used car, the more you pay in total interest charges, she said.
Capping it at three years keeps costs reasonable and prevents going upside down on the loan due to depreciation.
It takes a little extra effort to claim the cash-back offers and stack gas rewards, she said.
But it can easily save me $300-plus per year just for staying on top of it.
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