Are you thinking about buying a new car? Here are some new car buying secrets you should be aware of. To begin with, if you have cash available, it is best that you fork it out and pay it in full. Doing so will help your budget tremendously.
As much as possible, avoid listening to car sales people who claim that you should finance your car. Take note that they are merely saying this because they make a lot of money from the financing. If you are like a lot of people, you may have lost 50% of your so-called savings in the stock market crash. There are currently there are very few places that will guarantee a 3-4% investment yield. It is probable that your car loan’s interest rate will be higher than that. Paying cash will save you more money than you will earn by investing that money and paying for a car loan.