Have you ever went to go purchase a vehicle and you end up spending thousands more than what you planned?
Between Interest, Fees, Taxes, & Warranties you can really end up spending more than you initially expected.
Before you go to a dealership to go buy a car that you really like, use the tool we have below to see how much it will really cost you over the life of the loan.
We believe at The Finance Hustler that car loans should be avoided if possible especially if you only qualify for a high interest rate.
Tired of living paycheck to paycheck? On big money decisions such as this, we need to use discretion on how much purchases truly set us back. Other options such as Facebook Marketplace, Craigslist, and other private sellers may be good options to look into. Sometimes you are able to find good deals on these sites where the seller is looking to just get rid of the car because of a change in their life. You also avoid many of the charges and fees that you see at the typical dealership.
We should quit trying to keep up with others and make decisions that make sense to us and will set us up for financial success. One of the biggest mistakes people make financially is living beyond their means to try and impress others. Is it really worth it to live month to month on your paychecks? Is it really worth mortgaging your future on that new car? Instead of putting your money into a new car, find an attractive investment for you that will grow over time and help set you up for the future.
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