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How to Finance A Car the Smart Way
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Some people say that the one single monthly commitment that can make or break your wealth-building is car loan payments.
Is every car loan an upside-down loan? We know there is a straight line loan interest, but most cars depreciate a lot faster than we can pay off the loans, especially if we take out a 7 or 9 year loan period.
So what is the best way to finance a car purchase? Should people only buy with cash, and only if they can afford the car in full payment?
You will be surprised that I actually preferred the longest loan tenure.
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For more personal finance hacks, download my ebook packed with 44 money tips. It is free, and I'll pay you RM5 if you can't find anything useful by reading it for 15 minutes:
⭐⭐⭐⭐⭐
Want to learn more from KCLau?
Follow these steps:
1. SUBSCRIBE TO THE CHANNEL:
2. Check out my Money Tips video series:
3. FOLLOW KCLau:
4. TELL ME WHAT YOU WANT:
Tell me in the comments if you liked this video and what other kinds of videos you would like to see.
#MoneyTips
#KCLau
#Car
#CarLoan
#AutoLoan
Is every car loan an upside-down loan? We know there is a straight line loan interest, but most cars depreciate a lot faster than we can pay off the loans, especially if we take out a 7 or 9 year loan period.
So what is the best way to finance a car purchase? Should people only buy with cash, and only if they can afford the car in full payment?
You will be surprised that I actually preferred the longest loan tenure.
⭐⭐⭐⭐⭐
For more personal finance hacks, download my ebook packed with 44 money tips. It is free, and I'll pay you RM5 if you can't find anything useful by reading it for 15 minutes:
⭐⭐⭐⭐⭐
Want to learn more from KCLau?
Follow these steps:
1. SUBSCRIBE TO THE CHANNEL:
2. Check out my Money Tips video series:
3. FOLLOW KCLau:
4. TELL ME WHAT YOU WANT:
Tell me in the comments if you liked this video and what other kinds of videos you would like to see.
#MoneyTips
#KCLau
#Car
#CarLoan
#AutoLoan
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