Whether it’s brand new or has a few thousand miles under its belt, buying a car is major life decision that can have equally major financial consequences. As such, it’s important to do as much research into your personal finances ahead of time in order to make the best possible choice.
Before you even step foot on the lot of a car dealership, it’s critical that you have a solid understand of your finances. Think of it this way: would jump into the deep end if you could swim? Probably not. Jumping head first into a the process of buying a car without first knowing where you stand financially is kind of like that. In other words, it’s a bad idea that can land you in over your head financially!
Most people don’t pay for the entire cost of a car in full, and instead take advantage of financing opti