Car Purchase Options (Chapter 2)

Editorial Note:

Exploring Car Purchase Options

The worst financial decision you can make is concentrating on the car payment and not seeing the whole picture. It can literately wipe off a million of your retirement nest egg.

In the previous chapter, we talked about all of the costs associated with owning a vehicle. If after all of that you still want to purchase a new one: this chapter is about all of the purchasing options you have: Cash, Finance, Lease, Balloon Payment.

Overview

  • Cash
  • Diminished car value
  • Finance
  • Upside down loan
  • Lease
  • Balloon payment
  • Lease takeover

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