I&aposm a Certified Financial Planner™ with more than years of experience. I feel very blessed and hope to share my personal financial experience and professional wisdom with readers of WealthPilgrim.
In general, October, November, and December are the best times to buy a car because dealers offer a number of incentives to make way for the next year’s models and hit annual sales goals. Also, it’s best to shop at the end of the month because dealerships need to hit certain sales by then, so they’re more likely to cut you a deal to make the sale.Include the purchase price (plus interest), as well as the cost of maintenance and repair.
Yes, it’s easier to just ignore the small puddle of oil forming under your Or pretend that burnt oil smell is not coming from your engine. And is that blue smoke coming out of your tailpipe?
Pop quiz: You and your SUV are in a minor, low-speed accident. Luckily, no one is injured, but a little damage to your vehicle—more than just a scratch—and maybe to someone else’s car or property. Should you inform your insurance company about it or keep the matter quiet and pay any repair costs out-of-pocket? If you don’t report and big costs surprise you later, your insurance company might not pay because its ability to investigate the claimed damage, when time was of the essence, has been lost.
So look at your existing car honestly. Does it run well? Is it reliable? Does it match the needs you have right now? If you answered yes to these questions, delay your purchase of a new vehicle.