Boosting Your Financial IQ
Buying or Selling a Vehicle
The used car market has been experiencing a dynamic shift in recent times, influenced by a range of factors that have reshaped the way people buy and sell pre-owned vehicles. As of now, the market reflects a blend of challenges and opportunities that have led to a unique environment for both buyers and sellers. Supply … Read more
Car dealerships are motivated to sell off their remaining inventory of last year’s models to make room for the latest releases. As the new model year approaches, dealerships face pressure to clear their lots and showcase the newest vehicles, loaded with cutting-edge features and technology. This urgency to make space translates into significant discounts for … Read more
Electric cars are all the rage, and becoming more and more popular every year as charging stations become more available. The issue for many is the high-cost of an electric car but did you know there is a whole slew of EV’s that cost less than $40k? They may not have all of the bells … Read more
Every year, Kelly Blue Book puts out a list of the cheapest car to own based on the 5-years of ownership. The value is determined by how much below the average cost comes in for the market segment, but the interesting number is the actual total cost. Here are the absolute cheapest by 5-year cost … Read more
You’ve finally saved up enough money for a down payment on a brand new vehicle, negotiated a price you’re happy with, and now the dealer asks if you want to finance or lease. This is a complicated question, and which is better depends on how you plan to use the vehicle, so which should YOU … Read more
Buying a car is stressful. After you’ve spent a couple of hours (or longer) negotiating a price you’re happy with after deeply researching prices of the car you wanted to buy, you’re then sent to the back office to sign the paperwork. Believe it or not, many dealerships actually earn money from the ‘Finance Manager’ … Read more
Buying a new car can be daunting. Other than a house, a vehicle is often the largest purchase people make, and theres a ton of variables that can go into getting a good deal. Here are the top tips from an ex-dealership employee for making a good deal: Have a Plan: If you plan to … Read more
The car market went crazy over the pandemic, with prices for some used vehicles increasing as much as 50% Year Over Year. Much of this was driven by components for new vehicles being unavailable, leading to long waiting periods which drove more consumers to the used market, spiking demand and prices. The big question on … Read more