Comments on: Financial Management – A Young Professional’s Car Buying Guide

By: TDSJ

TDSJ — Fri, 16 Oct 2009 17:23:58 +0000

Like the info about shopping for credit within a particular time period only dinging your credit once. No one really knows this, and it relaxes people. Thanks for the tip!

By: autoinsider

autoinsider — Mon, 28 Sep 2009 19:49:59 +0000

Great financial outlook about car buying, good stuff

By: Dwayne Hoover

Dwayne Hoover — Tue, 23 Jun 2009 11:43:42 +0000

I recently purchased a 2006 Audi S4 Avant with 30k miles. Original sticker on the car was $58k, I paid under $30k. Obviously, I say look for a QUALITY used car that still has a warranty and you’re bound to find a good deal. Beat the depreciation curve by buying a nice car after it has already lost the bulk of its value.

By: Vicki Francis

Vicki Francis — Fri, 29 May 2009 19:45:13 +0000

hi Folks;

Did you know that recently one of the big networks9either in USA or Canada did an expose on CARFAX so perhaps that would be worth investigation..

By: Bryan

Bryan — Tue, 05 May 2009 17:58:02 +0000

I’m a yuppie. I just utilized a 20,000 loan and achieved payments for 380$ a month. I am living comfortably in a 4/3 home paying 1500 a month. And I never hesitate to go out. And still manage to save at least 500$ a month, oh ! and put 4% that’s matched into a 401k…. So in regards to Gate’s rebuttal and commentary…. I’m living this dream, and its completely comfortable. I’m not strapped for cash, I have an emergency fund being two years out of college. So it is a lifestyle. You all can be living off of food stamp budgets for food and drive all the 1990 used kia’s you want. I will drive the 2009 nissan xterra and eat out 3 times a week and cook dinner at home with whatever I want. Live to your means, live in the present, don’t suffer obsessing with planning.

By: Billy Bob

Billy Bob — Mon, 16 Feb 2009 01:48:25 +0000

Hey , This Article Help me alot

By: Jack

Jack — Sun, 26 Oct 2008 06:17:51 +0000

This article doesn’t consider the condition in the real world while comparing the car price in leasing an purchasing.

For example, unless you get ripped off by the car dealer, the price you pay for leasing (we are talking about the “selling price” of the lease) is always higher than the price you purchase the car since there are a lot of hidden incentives available on purchase, but not on lease. Therefore, when the lease monthly payment is calculated, it would be very high as you lose incentives while you would get them in purchase.

By: SPLNYC

SPLNYC — Thu, 09 Oct 2008 15:47:46 +0000

Also, another everyone should be aware of is transferring or swapping the lease. In this scenario, original car owners are looking to get out of their lease (for various reasons). Rather than paying any down payment you simply pay a transfer fee and start the monthly payments. Good way to get a nice car, without money down. Obviously keep you eye open for the terms of the lease so you aren’t left owing the dealer $$ in overage/wear and tear.

Two websites are http://www.leasetrader.com or http://www.swapalease.com

By: Freebie

Freebie — Thu, 01 May 2008 13:52:10 +0000

Hey, I took the ultra-inexpensive way out. I have a good friend who buys wrecked cars and rebuilds them. When gas prices started rising a few years ago, I asked him to keep his eye out for a decent, gas-sipping econobox (at the time my daily commute was 50 miles each way.) One day he called me with a deal I couldn’t refuse. An auctioneer GAVE him two ’95 Geo Metros — one hit in the front, the other hit in the rear — because noone even placed a bid on them at auction. My friend told me that if I helped with labor (essentially cutting the cars in half and welding the two good halves together), he would give me the car for the cost of materials. When the work was done, I drove away with a brand-new feeling 3-cylinder Geo Metro for $500! In 9 years, I have only changed tires, brakes and one clutch job. I filled the tank from empty this morning for less than $25.00 ($3.49/gallon) and that will last me two weeks. It may not have that new car smell, but no car payment and $50/month for gasoline sure smells good!

By: Yummies??

Yummies?? — Fri, 29 Feb 2008 18:56:41 +0000

Personally I don’t consider myself a Yuppie although by your definition I guess I am. Again personally I think of Yuppies as executives under the age of 30 or in monetary translation 100k+ salary, I am no where near that but can easily handle a 800/mo car payment, like bio said its all in priorities/budgets and personally watching your expenditure.