Guerrilla Car Buying

Guest Post by Eric Peters

It’s never been easier to buy a new car; the harder part is not paying too much for it. “Easy” financing obscures how much you’re really paying, by spreading out the paying. Bundling of desirable options with options you may not want – but are pushed into buying in order to get the options you want.

Those are two of the new pressures adding to your peril.   

Plus the stand-by perils: Your old car got totaled in a wreck and you need something new, now. You’ve become emotionally attached.

Or your SO has.

Here are some strategies you can use to avoid those new car paid-too-much blues:

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Comfortably Afford – vs “Afford”

Guest Post by Eric Peters

How much can you afford to spend?

This is the first thing and the most important thing you should think about before you get serious about shopping for a car – whether new or used.

Note the distinction between afford and can spend.

It is the difference between what they will loan you and the amount you can comfortably afford.

You might not appreciate this distinction until after you sign the paperwork; and that can lead to a world of financial hurt.

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