Save $2 million by driving used cars

New cars no value even with a 'good' deal
New cars no value even with a 'good' deal

Sister-site Aol Autos offers a list of the Best New Car Deals of the Month, pitched on the welcome screen as "Editor Reveals Best Cars to Finance."

Talking about the "best cars to finance" strikes me as a bit like talking about the best prescription drugs to freebase.

Among the winners: a Mazda3, available with 0% financing for 60 months, with $500 cash back. Other cars on the list included the Chevy Cobalt, the Kia Forte, and the Honda Pilot.

Now let me give you the personal finance take on these "deals". There's nothing really wrong with financing a car, but anyone who does borrow money to buy a car should know this: You are very, very unlikely to ever become rich if you borrow money to buy new cars.