Buying a new car is a significant financial move. While the process can be exciting, there’s also a level of intimidation. After all, you’re going up against some of the best salespeople when visiting a dealership. And while most dealers today aren’t shady, there are tactics they use to maximize the sale in their favor.
Living with credit card debt can take its toll on you physically and mentally. It may seem that the balances keep climbing no matter how hard you try.
Many people enjoy leasing cars because it allows them to drive a newer model vehicle every few years. The payments may also be lower than through financing. The major downside is that you’ll always have car payments and never build equity in the vehicle.
Are you thinking of buying a new car? Maybe your current vehicle is on its last legs, and you’re ready to upgrade. Perhaps you want something a bit safer for your kids. Or maybe you just have that new car bug. Whatever the reason, buying a new car is no doubt exciting. But there’s also that feeling of uneasiness knowing you’re about to run the gauntlet of dealer games.
Have you ever opened your credit card statement and noticed the interest rate on your card increased? It’s not a great feeling. Your initial thought might be that your financial institution simply raised your rate out of the blue to earn more, but that’s not the case.