For some folks, the idea of trying to buy cars with cash is a fairy tale. They think it is a dream that others can enjoy, but they will never enjoy. However, here are some practical steps you can take to get yourself behind the wheel of a car - not in front of a loans desk at the bank. In a previous post, I showed how much money people can save by paying cash for a car instead of car … [Read more...]
Car Loan Payment or Pay Cash For A Car?
When shopping for a new car one of the first questions a dealer will ask you is – what kind of car loan payments are you looking for? If you answer that question, you just cost yourself thousands of dollars. Instead, when you buy a pay cash for a new car. In other words, you should look at total purchase price, not the monthly car loan payment amount. Save Money On Your Car Loan Payment: Buy a … [Read more...]
The Real Truth About Borrowing Money To Buy Cars
In many ways convenience and lack of patience is the enemy of financial prosperity. Loans could be a statement about your selfishness. A loan says I don’t have the money, but I want this and I want it now. Here are some important facts about car loans: The average American car loan payment is $400 per month. A 48 month used car average interest rate is currently 7.91%. Let’s say you … [Read more...]