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!
Posted by jester at 10:30 PM

24 comments:

  1. Mr.AwesomeSeptember 27, 2010 at 10:36 PM

    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. Dilly SkatesSeptember 27, 2010 at 10:48 PM

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

    ReplyDelete
  3. Mkman1September 28, 2010 at 12:11 AM

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

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  4. TeamBlogSeptember 28, 2010 at 12:17 AM

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

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  5. loloriz0rSeptember 28, 2010 at 12:19 AM

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

    ReplyDelete
  6. AnonymousSeptember 28, 2010 at 12:24 AM

    digging the blog! SUPPORTING AND FOLLOWING

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

    ReplyDelete
  7. chronic_the_hemphogSeptember 28, 2010 at 12:33 AM

    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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  8. jokerSeptember 28, 2010 at 12:44 AM

    ahahahah that sounds deceptive

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  9. yacob2112September 28, 2010 at 12:52 AM

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

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  10. Bismuth CastleSeptember 28, 2010 at 2:30 AM

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

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  11. AnonymousSeptember 28, 2010 at 5:10 AM

    Good tip! Wish there were more honest salesmen.

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  12. peedewbaSeptember 28, 2010 at 5:13 AM

    nice info my payment is 190 a month

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  13. Stav88osSeptember 28, 2010 at 5:43 AM

    Cool Story Bro!;)

    ReplyDelete
  14. Harvey JnrSeptember 28, 2010 at 7:30 AM

    Good to know.

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  15. todaysteknology.blogspot.comSeptember 28, 2010 at 7:54 AM

    Your tips are the best. Thanks!

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  16. richieSeptember 28, 2010 at 7:57 AM

    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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  17. tonyman33September 28, 2010 at 8:22 AM

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

    ReplyDelete
  18. LoreBloggerSeptember 28, 2010 at 11:25 AM

    good to know, thinking about buying a car soon

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  19. Discerning GentlemanSeptember 28, 2010 at 11:28 AM

    awesome post here

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  20. brbgensokyoSeptember 28, 2010 at 2:32 PM

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

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  21. RendakorSeptember 28, 2010 at 2:33 PM

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

    ReplyDelete
  22. Jakeman-JensenSeptember 28, 2010 at 4:00 PM

    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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  23. Anonymous College StudentSeptember 28, 2010 at 6:01 PM

    Thanks for the tip.

    ReplyDelete
  24. SnickelsoxSeptember 29, 2010 at 11:33 PM

    wow you make some cool points bro.

    ReplyDelete

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