Why a 2010 model is better than its 2011 Counterpart

If you are a normal person than you have a budget. Everyone is on the same path of trying to get the most for their money and when it comes to cars people should take extra caution before writing a check that will keep them in debt for years.
Even though they are extremely exciting cars are arguably the worst investment one can make. The biggest enemy of the automobile is depreciation. The day after you roll your shiny new car off the dealer lot it is no longer new. YOur car is now a used vehicle. Now just because the title has changed from new to used it loses about 20 percent of its value. 20 percent is a lot of money when you have only put a couple more miles on the odometer.
For the first year you own your car the car will rapidly decrease in value. Good news, though, is that over the next four years the decline in value will start to slow but not before a good amount of the purchase price has disappeared.
There is a solution to this problem. Let someone else take the hit. The used lot is full of lightly used models. Instead of going for that new 2011 model settle for the 2010. Most 2010 models do not differ from the 2011 model and you will not have to pay the ridiculous premium for the new title. This will save you a lot of money and one year old in my book is still pretty new.

2011 Mustang New
$22,145

2010 Mustang 5K miles
$16,000