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Tag Archives: buying a car

How Much Is Too Much to Spend on a Car?


Everyone overspends from time to time, but when it comes to big purchases, like a home or vehicle, something that seems like an exciting splurge could end up devastating your finances. The question of, “How much is too much?” is quite personal. To say that you should only spend a certain percentage of your income on a car doesn’t take ... Read More »

    Can I Get a Car Loan If I Have No Credit?

    Happy new car buyer. Hope you love those new monthly payments.

    What do you do if you need a car and you don’t yet have a track record to make a dealer confident you’ll be able to repay a car loan? Phil Reed, senior consumer advice editor for consumer auto site, said a surprising number of people who aren’t sure of the answer to that question go to dealerships and ... Read More »

      I Don’t Give a Damn About My Credit, Said Almost No Car Buyer

      buying car

      The credit report folks, Experian have released data which surprised even me. There are whole camps of people out there, typically Dave Ramsey fans, who say they don’t need credit and don’t plan to ever use credit again. But according to Experian, 84% of people who purchase new vehicles actually do use credit. Credit avoiders can talk a big game ... Read More »

        Help! I Just Bought a New Car, Then Was Denied for the Loan

        Unless you are on fire, taking a day or two before you take action isn't going to change anything.

        Ivory, one of our readers, bought a car at a dealership and drove it home. Fifteen days later, she received a letter saying that the loan had been denied. Here’s her story: Me and my mom were approved for an auto loan on 1/27 we signed all the paperwork even got the car payment bank notes in the mail. And ... Read More »

          5 Essentials for Getting a Good Car Deal

          buying car

          We’ve all heard terrible stories of car salesmen charging more than a car is worth. We’ve also heard of excellent bargainers shaving hundreds (or even thousands!) off of a car’s sticker price. Buying a car is a major purchase, so it’s important to calculate a budget you can afford, put in the necessary research and be prepared to negotiate the ... Read More »

            All About Buy Here – Pay Here Vehicle Financing

            Cheerful female driver huging her new car

            In-house financing car dealerships provide car loan options to customers and facilitate the purchase of a vehicle. There are a number of things you should watch out for and understand before signing loan agreements at a dealership. Advantages of In-House Financing The primary advantages of in-house financing with an auto dealership directly apply to people whom outside lenders may consider ... Read More »

              3 Car Buying Financial Potholes to Avoid

              buying car

              Buying a car is a very expensive proposition. Besides buying a home – buying a car or truck is typically the second largest asset people purchase. And those car payments can really add up to a budget buster if you are not careful. There is no need to wind up paying more than you have to. When going to buy ... Read More »

                Buying a Good Car With Cash

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                If you’re limited on funds, getting a car loan can be a bigger burden to your budget. You’ll be locked in for years for a payment and many times you have to pay even more on car insurance as per the lender’s requirements. Buying a car with cash can be an economical choice both now and later as you have ... Read More »

                  I Live in Columbia And Want to Get Out of Debt. – Octavio

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                  Octavio “Dear Steve, I live outside the US (Colombia, to be more specific) and since some of the facts and options in many get-out-of-deb sites does not apply to people in my country, the basics and the methods are valid here. Now I have a special situation, I’m self employee, I make around US$800/mo, my wife is an employee, she ... Read More »

                    How to Buy a Car With Marks on Your Credit and Not Get Taken for a Ride

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                    If you have any negative marks on your credit such as a late payment, default, repossession, foreclosure, lien, judgment or bankruptcy you probably think you’ll have a hard time buying a car (or truck or van). Think again. There are many options available to you, but you’ve got to understand the advantages and disadvantages of each. Consider the following: You ... Read More »

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