Turn the tables in your favor by taking a deliberate approach to car buying.
Information is king when making car-buying decisions.
If your income and credit score qualify, banks, credit unions, and other lenders will lend you money to buy just about any car. But just because you can afford a purchase doesn’t mean you should.
There are three steps to effectively negotiating the purchase of your car: setting a target price, negotiating the price with the dealership, and avoiding high profit dealer extras that give back the gains your negotiating skills rightfully earned.
One common way for dealers to increase their profit (and your cost) is to install add-on equipment to the car without your consent, charge extra fees, and try to sell you an extended warranty. These extras are typically either optional or negotiable.
Learn from the mistakes of others so it doesn't happen to you.
A review of some tried and true investing strategies for the new investor.