One of the biggest financial mistakes people make is either buying too much house or too much car. In today's episode Glen shares his money formula and some good guides for making wise financial decisions around buying cars. He covers:
ππΎ how much to spend on a car
ππΏ the golden rule of car buying
ππ» buying new vs used
π how car loans work
ππΌ balloon payments explained
ππ½ car loan vs personal loan
ππΎ red flags when financing
ππΏ tips for negotiating
ππ» when dealer finance might work
π some listener scenarios
Watch this episode on YouTube: https://youtu.be/5kiCica6PLM
money money money is proudly supported by Sphere Home Loans and Skye Wealth.
Need a mortgage broker? Check out https://www.spherehomeloans.com.au
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Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement (PDS) and target market determination (TMD) and obtain appropriate financial advice tailored to your needs. SYMO Interactive Pty Ltd & Glen James are authorised representatives of MoneySherpa Pty Ltd which holds financial services licence 451289.
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