You may be thinking, how can I and most wage earners today afford to buy a new car for cash - who has got that kind of dough sitting around?!. Some people feel that it's unreasonable of me to expect them to buy a new car using cash. After all, many publications, which not uncoincidentally derive great advertising revenue from auto dealers and lenders, effectively endorse and encourage loaning and leasing to buy a car. I'm trying to look out for your best long- term financial interests.
Please consider the following:
If you lack sufficient cash to buy a new car, I say " Don't Buy A New Car!" Ninety percent of the world's population can't even afford a car, let alone a new one! Buy a car that you can afford- namely not a new one.
Don't fall for the new car buying rationalization that says that buying a used car means lots of maintenance , repair expenses, and problems. If you do your homework and buy a good, used car, you can have the best of both worlds. A good used car costs less to buy and should cost you less to operate thanks to lower insurance costs..
A Fancy car is not needed to impress people for business purposes. Some people I know say that they absolutely must drive a brand spanking nice new car to set the right impression for business purposes. I'm not going to tell you how to manage your career, but I will ask you to consider that if clients and others see you driving an expensive new car, they may think that you spend money wastefully or that you're getting rich off of them.
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