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Is It Better To Buy Or Lease a New Car?

If you've ever gone car shopping, you may have come across the option to lease a new car. On the surface, a car lease seems too good to be true. You get to drive home in a brand new car for a lower monthly payment than if you got a loan to buy the … [Read more...]

Q&A: I’m Financing A Car; Should I Make A Down Payment Or Pay Off Debt?

Occasionally I publish answers to selected readers’ money questions. I welcome your opinion in the comments. Send questions to david@moneyunder30.com. Q: I am in the process of purchasing my first car. I make a little over $30,000 and have student lo … [Read more...]

Auto Financing for Smart People: Tips for Saving on Your Car Loan

Earlier this week I wrote about mistakes we make when buying a car. One of those mistakes is overlooking the importance of the auto financing in the overall cost of your new car. The example I gave is if you are buying a new Honda Civic, the … [Read more...]

Peer-to-Peer Auto Loans

It’s best to buy a car with cash---but not everybody has saved up thousands of dollars when the need for new transportation strikes. Although car shoppers have several options for financing a new or used car, including many online lenders, buyers w … [Read more...]

Paying Off an Auto Loan Is Bad For Your Credit Score!?

Dave Ramsey tells people that FICO scores aren’t credit scores; they’re “I love debt” scores. Case in point: Last week, I paid off my auto loan. This week, my FICO score dropped 60 points. Sixty! There have been no other changes to my credit report. … [Read more...]

When To Finance Even If You Could Pay Cash

Should you ever go into debt even if you have the cash to make the purchase? Dave Ramsey would definitely say "NO!". But believe it or not, there are situations in which it may actually cost you more if you don't go into debt! … [Read more...]