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How to Pay Utility Bills at the Bank
How to Save Money to Buy a Car
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How to Open a Debt Consolidation Business
How to Pay Off Bills
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How to Rebuild Credit
How to Save Money
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Summary: Saving money to buy a car can be done by first researching the car prices and finding out what credit profile is required at different dealerships. Put 10 percent to 20 percent down to finance a car with money advice from a registered financial consultant in this free video on personal finance.
Patrick Munro's affinity for investing and financial matters began more than 20 years ago with business education and service throughout the ranks of the banking, insurance and...read more
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"This is financial adviser Patrick Munro talking about how to save money to buy a car. Basically to save money to buy a car is you have to decide the type of car that you'd want in the beginning. And do the research on that car, going to the various blue book sites and things of that nature. Then go to the dealerships and decide what sort of a credit profile that you would present to the dealership to get the maximum rebates back from the dealership. You may choose to acquire the car by leasing, although leasing is difficult in this current environment, and credit crisis that's out there. However, saving money for the car can be done. Normally it's ten to twenty percent down for a car. That's a suitable down payment. And, so if you have a ten thousand dollar car, if it's a used car, you want to make sure you have about ten, rather a thousand to twenty five hundred dollars down on that particular vehicle. It's important to put down as much money as you possibly can to keep your payment on the car as low as possible. This is Patrick Munro talking about how to save money to buy a car."
eHow Article: How to Save Money to Buy a Car
Meet Mark P Cussen, CFP, CMFC eHow's Personal Finance Expert.
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Comments
roadlemons said
on 10/5/2009 Patrick, great video! But there is so much more to saving money. New and used cars do have their own price haggling and financing space. Veiwers should know that during the negotiation process and financing time is where most of their savings can be made? Having a reasonable down payment is very important, although, there are so many things people are unaware of that can save them hundreds even thousands more before getting to that point of purchase.