Borrowing money to buy a car is a quadruple whammy of staying broke. 1. Buy something you can't afford 2. Pay even more money to borrow that money 3. The thing you buy plummets in value 4. Miss out on the opportunity to invest that money I really can't think of a more effective way to stay broke. And the difference it makes on your life is SO SUBTLE. Imagine being your parents age, and someone asking them "hey, how do you have $3 million in the bank?". Their answer might be "Remember when you were driving that 1988 Ford Escort? I was driving a 1982 Oldsmobile Cutlass. (Those were the best selling cars of those respective years by the way) THAT'S IT. That fancy car you're burning all of your money on is just going to be a STUPID CAR WE'RE MOCKING TWENTY YEARS FROM NOW. So if you get over yourself and just drive a car that's ahead of its time and can already be mocked, you can explain where your $3 million came from in 40 years. As always, reminding you to stay healthy by following the two PFC rules: 1.) Stay at home and 2.) Wash your hands early and often. - Jeremy #newcar #usedcar #automobile #carloan #carpurchase #newcarpurchase
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Don't let the fear of repossessed cars drive you to financial stress. Our latest blog dives deep into the world of car repossession, offering invaluable tips to protect both your vehicle and your finances. Read more below: https://ow.ly/ittL50R6iuu #FinancialTips #CarRepossession #VehicleProtection #PersonalFinance #DebtFreeLife #MoneyManagement
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Are you on the fence about getting a new vehicle? If so, you may be asking yourself: “Is now a good time to buy or should I wait?" How much will I receive on my trade in? Am I spending more on repairs to my current vehicle than I would on a new car payment? Is this the right financial decision for me currently?” Since the pandemic, inventory levels have been extremely low, causing many people to hold on to their vehicle. Are market conditions changing? For the answers to these questions, read on! #newcar #isnowthetime #financialinsights #motorlease #whateverittakes
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Your program doesn’t work. The portfolio money isn’t real etc……These are common misconceptions I hear about Credit Acceptance. I think the staff at 19 Auto Group would disagree. They just closed their first pool and got a big fat check. I’m also sure the other 8 dealers in my market that closed pools in February earning $182,956 in express payouts plus the 40 dealers in my market who earned $446,681 in monthly portfolio payouts since the beginning of the year would also disagree. I love helping dealerships build wealth!!! Stop giving YOUR money to the banks - I can show you how. #drivingpossibilities
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Prices for new and used cars have skyrocketed, supply has been erratic, and with interest rates rising, finding good deals has become a bit like searching for your destination without a map. With the average price of a car these days hovering around $48,000, it pays to not drive blindly. Here are 5 ways to avoid being taken for a ride when buying a car:
Shopping for a car? Do these 5 things to avoid being ripped off.
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How to Determine Price for Used Car? Let's talk about one of the most important transactions of our lives as an individual: buying a car. A car can take up a lot of the savings of an individual, and even if they take an auto loan, there remains the worry of paying off the loan with interest.
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I create financial plans to help you become work optional. | Founder of Camp Wealth | Posts are not advice.
Americans paying $1,000 or more on their monthly car payment just hit a record high. This explains why nearly 40% of buyers regret their car purchase. Before you buy your next car, follow this 6-step process (to avoid wasting thousands):
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"Unlock the hidden value in your old vehicle! 🚗💰 Embrace the convenience of Cash For Junk Cars and enjoy a seamless process that not only clears up space but also puts money back in your pocket. Say goodbye to the stress of dealing with a clunker and hello to instant cash and a clutter-free life. 🌟 Let your old car become a source of extra income – it's time to turn that eyesore into extra dollars! 💼 https://lnkd.in/g-GSDEhm #CashForJunkCars #SmartChoices #ExtraCash"
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