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...]