How to Save Money When Buying a Vehicle #CreditChat

Join our #CreditChat on Twitter and YouTube every Wednesday at 3 p.m. ET. This week, we talked about ways to save money when buying a vehicle.

The video panel will include: Michelle Krebs – Senior Analyst for AutoTrader, Alec Gutierrez – Senior Analyst for Kelley Blue Book, Ed Bartholme – Executive Director for Call for Action,  and  Mike Delgado – Social Media Community Manager at Experian, and others.

Questions we discussed:

  • Q1: What things do you think you need to prepare before buying a car?
  • Q2: How does credit play a role in buying a car?
  • Q3: What are some car buying mistakes people make?
  • Q4: When you buy a car do you typically, pay with cash, finance or lease?
  • Q5: When buying, do you prefer new or pre-owned? Why?
  • Q6: How can you protect yourself when buying a pre-owned vehicle?
  • Q7: Why do you think some people prefer leasing over buying?
  • Q8: What’s the most you are willing pay for a monthly payment?
  • Q9: What’s the longest term loan you would agree to?
  • Q10: Any final tips for those looking to buy a vehicle?