How to Get a Car Loan (The Right Way)
5,008
Published 2019-10-11
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All Comments (21)
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Check car loan rates online with LightStream Auto Loans: trufinancials.com/carloan
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Good advice.. I made the mistake when I was younger of spending too much on a decent sportscar, and then wasted even more modding it out a ton. It was beautiful, and I had a lot of fun with it, but if I could go back I would have preferred to get a crappy car and invest the rest :)
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Nice breakdown, Denis! I’ve never heard of this method so it was super helpful.
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GREAT VIDEO DENIS! I made a video on the 20/4/10 rule as well but based on the idea that it’s BEST to not have a car payment at all! 👍🏻😎 Car payments rob you of discretionary income and make it harder to save for the future. GREAT VIDEO! 👍🏻😀
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Super helpful video! We'll be looking into financing a used car in the next year, so this was really great. Thanks! :)
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Super helpful video! really great. Thanks! :)
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I really appreciate your videos!
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I had to boost my credit score with Cyber Credible and also got biweekly paystub to prove my income at the dealership... Great video
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Denis, I am hoping to pay cash for our next car. This video was so interesting. Thank you so much.
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Nice video
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Get pre-financed! Great idea Denis.
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Buy only what you can afford and pay as soon as possible.
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I totally agree expensive cars are never a good idea because it’s a depreciating item. I would rather have a more expensive house and cheaper car. We are saving to buy a used mini van. My van is 2006 and still going strong. I haven’t had any repairs on it for years. I think maintaining and driving our cars longer helps offset the depreciating value of the cars too. Great content. If you need to take a loan this is great advice. 🌞🚘
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Credible Cyber came thru fr
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This is such a good video! I was wondering what your thoughts are on car ownership...do you drive the cars into the ground or do you find a sweet spot where it's best to trade-in. I'm an odd duck where I LOVE cars, but I don't mind driving a car that allows more money to invest/save. Does this rule apply to your future Tesla? haha
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Say you know you can afford the car, would it make sense to extend the loan out and just make extra payments so that you can keep your payments low while at the same time paying down the loan faster?
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Thanks Cyber Credible fr fr
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It was legit and I got approved
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Cyber Credible
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Car dealers make most of their profits on the financing new cars and not the car. I bought my Toyota on credit but never again. It is freeing to not have a car payment and I never want one again. Also, I never want to spend $30k on a car. I just can’t rationalize it for my circumstance. My house cost $52k. I agree used is the way to go.
