Car shopping isn’t one of the most enjoyable things for a lot of people. A friend of mine once said he would rather go to the Dentist then go car shopping. I am not a fan of Dentist either and probably enjoy some of the hunt and numbers of car shopping.
This is one of the rules to Financial Freedom that we teach our kids and we have taken them with us to experience the whole car shopping experience. Including the games and negotiation that is played.
Before we start talking about how we go about car shopping lets think about some things from the Millionaire Next Door book. Here are some key things from the book that studied Millionaires (It is on my must read book list);
Then another good book to read is Spend Smart book. Here are a few things to think about before we dive in to the rest that we teach our kids. Bill wrote:
In Suze Orman’s book she said that taking out leases is a costly financial mistake. She also said Certified Pre-owned cars with warranty is a good option.
We start with first knowing what our budget is to spend on a car that we are looking at getting. Everyone can have their own opinions on how to car shop or feel they are an expert but the below points are what we taught our boys.
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