re: Car Buying Experts Only.

You did what made you feel comfortable and secure in your financial planning. Nothing wrong with that. I wouldn't personally do it but there are things I do that you and others would probably disagree with in my financial planning. Enjoy the fruits of your hardwork.

Never go buy a car hungry. Be prepared to camp out until you get the deal you want.

Pre qualify the amount you want to finance. If you don't have a credit rating of 750 or higher, work on that first.

Sometimes credit unions have better rates.

Don't buy the extend warranty from the dealer, buy it outside if you want one.

I've read all these genius replies; what you did was fine depending on the offered interest rates.

It's a relatively small amount, and assuming good job security, can be one of many tools that you use to build wealth.

I suspect you and you're husband are savers, and have a excellent credit rating.

Why would I "camp out" ? This ain't the 80s.


Do all that crap via text.

Here's good advice:


Never buy a used car at night.

quote:

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f you have a 401k... I'd borrow against it to finance what you need for the cost.

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I cannot believe that people do this. This is among the worst financial moves you can make.

No, it isn't.

For top producers, with excellent job stability, it's just another tool.
Now if you're in a unstable situation, don't do it.


Taking equity out of your house is by far a worse decision.