Monday, September 27, 2010

DO NOT Buy a Car Based on a Payment

I see this EVERYDAY and try to use it to my advantage whenever I possibly can.

  • You are excited, with a budget (eg. $350/month). 
  • You are more concerned about the payment than the actual price
This is a very very bad way to go about buying a vehicle. I always try and sell cars based on the payment rather than the price. Why? Because if you want $350/month, I can probably hit it without lowering the price, but extending the term of your finance. Also, you can guarantee that there will be admin fee's (atleast one) built into the payment.

ALWAYS and I mean ALWAYS figure out the price of the vehicle THEN get into some sort of payments.

Stay tuned for tips on making sure you don't get ass fucked with your financing, tomorrow!

26 comments:

  1. Im gonna check in tomorrow then at some point. I need to buy a new car here when I end up getting student loans.

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  2. this is a good post that makes me want to come back for more

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  3. thanks man, bookmarked it for future occasions when i buy my first car

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  4. Dude, when I get the moneys to buy my own car I'm emailing you. Help a brother out

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  5. Good tips. Especially for the youngins in here who want to buy their own car.

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  6. Nice advice.
    Keep up the good work, man. :)

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  7. digging the blog! SUPPORTING AND FOLLOWING

    http://anonym.to/?http://cityslika.blogspot.com

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  8. I figured this out for myself when i found out about marginal payments. I have yet to buy my own car now but remembering this advice will help

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  9. Good tips, I just bought a Subaru last month, already regretting.

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  10. Buying cars can be quite overwhelming, I'm glad I found your blog.

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  11. Good tip! Wish there were more honest salesmen.

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  12. nice info my payment is 190 a month

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  13. So what should we do if we do want a different payment? mention it casually? or bargain for a lower price THEN mention the payment?

    Good tip, though!

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  14. You cars salesman.....you make things so difficult D:::

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  15. good to know, thinking about buying a car soon

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  16. Seems so simple, yet people make this mistake all the time!

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  17. Thanks for the advice. I generally had that attitude (shooting for a payment) but good to know i shouldnt, to save cash.

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  18. Hey! Thanks for the advice, Know of anyone wanting to sale an Old Style VW Bus? xD I've been looking for one for a long time =[

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  19. wow you make some cool points bro.

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