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Auto Financing For Smart People: Tips For Saving On Your Car Loan

How to finance a car the smart way; auto financing tips.

Learn how to finance a car the smart way. Save money on auto financing by knowing your credit score and leveraging competing loan offers at the dealership. Put money down, keep the term as short as you can afford, and — of course — don’t buy more car than you can afford.

Is It Better To Buy Or Lease a New Car?

Is It Better To Buy Or Lease a New Car-

Should you lease or buy? Everyone faces this question at some point. The quick and easy answer is to always buy, never lease. But there may be some situations when leasing is a good idea. Here’s the breakdown.

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 loan payments, but I save by living with my parents. After law school, I was in […]

Peer-to-Peer Auto Loans

Peer-to-peer auto loans provide a great alternative to dealer financing.

Peer-to-peer auto loans provide an attractive alternative to car dealership financing. They allow you to shop like a cash buyer and they’re unsecured, meaning there are no restrictions on the year or model of car you buy.

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. Needless to say, I’m pretty flabbergasted…and pissed off…that my score […]

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!