A 3rd of automobile purchasers who trade inside their automobile are underwater on the loan, resulting in a never-ending period of financial obligation.
Car and truck loans are made to screw your
A 3rd of vehicle purchasers who trade within their car are underwater on the loan, ultimately causing a never-ending period of financial obligation.
Among the craziest things about automobiles is that one can most likely head to a dealership and spend less overall today on a costly vehicle than you’d for a cheaper one. Then you can log onto Craigslist, find a used car for around $5,000, and as long as it’s made by a brand with a reputation for reliability — think Hondas and Toyotas, plus box-shaped early-’90s Mercedes and Volvos — you can drive it basically forever if you’re the type of person who saves fastidiously and doesn’t mind saying no to fancy bells and whistles in the name of frugality. Continue reading