Past Due: Radio 135 – Do-Overs: Buying A Car
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Remember when you’d yell, “Do over!” while playing games as a child? It was so easy to have a second (or third, or fourth) chance back then. When I reflect on how I purchased my last car (over five years ago), I can easily say I’d like a do-over.
Today, I discussed three mistakes (and one success) I made when purchasing the car that ultimately became what Elisa and I buckled down to pay off in 16 months.
1) Beware of car dealerships – there’s no such thing as “just looking”!
2) Beware of letting a car repair “force” you into buying a brand new car; emotions can get the best of you (and your savings account).
3) Beware of not running the numbers; my car buying decision has negatively impacted my net worth by over $17,000.
4) Success: Whenever possible, sell your vehicles yourself.
Remember when Pontiac became a collector’s item? Check out our “Pontiac Gets the Axe” video.