You don’t need to do any research to find that auto is the biggest way to purchase a car for the money you need. It’s a no-brainer.
Its a really easy way to get a little extra cash when you’re really strapped. If you really need a car and can’t do without it, there’s no reason why you shouldn’t get one for a little extra cash.
Its the biggest way to get your car with the least amount of hassle. When you do your research your local auto dealer will probably be able to help you. Some of the vehicles in the car showrooms aren’t cheap though, so make sure you research them as well.
You can also buy yourself an expensive car and save a lot of money. Most of the time you can get a great deals on used cars, so why not? Also, the cost of buying your own car is always going to be more than your gas bill, so youre definitely not short changing yourself.
If you want to go more expensive on the luxury end, you can always take a class or two in the college. The average cost of a full-time teacher is $35,000 to $40,000 per year, so if you can get a teacher to put in a few hours per week, that can more than pay for your car. Of course, you can also take a class yourself and save a lot of dollars at the same time.
For the sake of argument, lets say that you get a great instructor to teach you the basics. He/she makes $100K a year and has a 3.0 GPA. Thats more than $300K, so you can spend $300K on the car.
But this won’t be enough to buy an average car. Not only do you need to pay for insurance, but you also need to pay for upkeep and maintenance. Most cars spend between 5-10 years of ownership in the garage, and it’s not uncommon for a car to require more than $10,000 to $15,000 in repairs.
If you want to get a great instructor to teach you the basics of finance, it doesn’t hurt to have a few thousand dollars a year in the bank. There is a reason that the average person has less than 30000 dollars in the bank at any given point in time. If you have less than 30000, you will need to spend some of that money on something else.
The biggest financial expense one of our clients faces is insurance. It’s kind of a catch-all phrase for anything you might not have thought of as a financial expense. Insurance is simply a way of saying that your car is more than likely going to need to be repaired because of some bad damage. So you’ll need to buy insurance to cover that. A lot of people go to their local insurance agent or broker to get them the best quote for the policy they need.
But what if you don’t want to be covered for some reason or another? Or if you think your policy may be canceled? Or worse, you just don’t want to pay the premiums. No problem, you can always go to a new auto finance company. They’re much cheaper, and there’s no paperwork to fill out.
