Cat
Hendersonville,#2Consumer Suggestion
Sat, October 11, 2008
First off learn how to buy a car BEFORE you go into a dealership or to a private owner(who by the way is usually cheaper).
Find out what you can AFFORD before you walk in.
Since you had just bought a home you need to stay within your means. If you also have credit card debt, that is another issue you need to pay off before you walk in so that you do not jepordize your car or home. I inspect forclosures and bankruptcy homes and I could write a book on the mistakes people make.........I inspected a woman yesterday who I had her 3 cars which were behind and last month her mortgage paymenet was behind, so yes I could teach you on what to and what not to do.
Refinancing your home and or/ rolling the car loan in your home is not the way to go! Do you really want to be paying on your car for 30 years? NO!
Find out what you can afford. Realize that the car drops in value as you drive it off the lot! Buy used and let some one else take the butt kicking on the value. For instance my husband bought a 2008 car that had already been re-poed so they had to sell it used. We got an awesome deal. Years ago I bought a car that had a fist "bad paint job" so it had to go back in and get it repainted. I got it for half the price because they couldnt sell it new. So, see you have to SHOP around and not take the first "deal".
Last but not least please, be firm on what you can afford! Cash is much better and you can find awesome deals right now and if you cant afford that, it is time to step back and say "hey I can't afford the nicer car now, but it will become later. Don't worry about the Jones down the block, what you don't know is they are behind on the BMW!