How To Make a Smart Car Purchase in 2020

Chances are, you’ll be purchasing a car multiple times throughout your life. While cars are necessities for a lot of us, they can easily become one of your biggest financial mistakes without a solid rule of thumb for car affordability.  So, how much car can you really afford? In this episode, we’ll teach you our best tips and tricks for buying a car – the smart way!

In this episode, you’ll learn:

• The biggest car mistakes the average American makes
• How to calculate how much car you can afford
• How to research the best deals and negotiate like a pro
• Why financing might (surprisingly) be your best payment option

Research and resources from this show:

• How to Negotiate with Car Dealers (Money Guy Blog)
• A $45,000 Loan for a $27,000 Ride: More Borrowers Are Going Underwater on Car Loans (WSJ)
• The Average New Car Price Is Unbelievably High (Financial Samurai)
• What Is the Average Income in the U.S. in 2019? (TheStreet)
• Compare the Costs: Buying a New Car vs. Used (Nerd Wallet)
• More Americans go without health insurance for the first time in a decade (USA Today)
• State of Automotive Finance Market (Experian)

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