Modern cars have more technology and safety features than the models a decade ago. Let’s face the facts: Selling a rusty old car with dingy seats is a tempting idea.
Many Americans make huge mistakes when buying cars. One third of buyers transfer $5,000 of debt from their previous car to their new loan. They are paying for a car that they no longer drive. Oh! This is not a winning personal financial strategy.
Don’t worry, NPR’s Life Kit can help. This is how you can buy a car without going into debt or spending more than you need.
Also check– Kansas City dealership
1. Before you step foot on a dealer’s lot, get preapproved for a loan
NerdWallet’s autos editor is Philip Reed. When he was working for Edmunds.com, he also did undercover work at an auto dealership to gain insight into the business. Reed will now reveal … Read more