In our experience, most people get a vehicle that is far too expensive for their budget.

Just because a bank or dealership says you “qualify” does not mean that you can make it comfortably fit into your budget. Remember you still have to pay for insurance, fuel, and ongoing maintenance.

Try to save some money every month and put it into a savings account for your next vehicle. Then if possible you can pay cash for it or at least have a good down payment so your financing payments can be lower.

Contact Debt Medic or your Financial Advisor before you make an emotional purchase to help guide you in this important decision.