# Car Buying

## Notes

* Beware of long (i.e. 7 year) loans
  * Cars depreciate in value, unlike houses
  * You end up paying for a car that has no value or less value than what you're paying
* Get pre-approved for a loan before going in
  * So that you know your interest rate
  * The dealership can bully you into a higher interest rate if you don't come knowing what actual interest rate you can get
    * i.e. they might point out some recent late payments and give a higher rate
* When you go to a dealership, only talk about price
  * Other information (you're trading in, what loan you want) can and will be used against you by the salesman
* After you get through the salesman, you still have to go back to some office to finance it. At that point is where you really have to be careful
  * They try to add a bunch of add-ons
    * **Don't buy the add-ons**. They make them sound really good, but they're overpriced. And you can always get them elsewhere
  * They add fees

## Links

* [Podcast: Buying a Car With Confidence](https://open.spotify.com/episode/405kw1E8XrDpvHKse8Bomq?si=a2bfb34175dd4960)