How to Finance A Car the Smart Way

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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