Never Finance: Always Pay Cash For Cars
First Guest Post!
Very excited to be featured over at My Strategic Dollar, Lance’s personal finance blog. I was asked if I would do a post about why I always pay cash for cars. I happily accepted as I think car payments are a trap that people jump into along with their first job and usually never get out of.
In the post, I lay out why I disagree with financing a car, even if you have a low-interest rate. I explain why leveraging debt earns you very little or nothing, I explain how the risk vs reward just isn’t logical, and I show you how to avoid ever having car payments.
I will be sure to check in regularly to respond to any comments and criticism as I know people love their car payments.