Tag Archives: buying a car

Introducing Lola – My 1997 Get Out of Debt Truck

get out of debt truck

I’d like to introduce you to one of my best friends. Email subscribers heard about her earlier this week. She’s been with me through thick and thin and she is currently helping me get out of debt. I call her Lola, and I’ll explain why in a minute. Just a few years ago I was driving a beautiful, brand new …

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Is Leasing a Car a Good Idea?


Have you ever heard a financial guru suggest leasing a car is a good idea?  Me neither. And they may be right, but like most financial axioms there should be attached a disclaimer:  it depends. Fans of car leases will tell you they get to drive a new car every two years.  That aspect of leasing appeals to me, too, …

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Is Now A Good Time To Buy A New Car?


If you are in the market for a new car this may be the time to act.  Economics 101 reminds us that there is an inverse relationship between price and supply. That is, when supplies increase, often times prices decrease.  That’s exactly what’s happening with the current auto market. Increased Inventory Several factors have conspired to lower demand for new …

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Paying Cash for a Used Car

My first car was a leased SUV that had to be cosigned by my grandfather because I had no credit, and the dealership wasn’t willing to risk a new SUV lease on a 20 year-old kid earning $18k a year – who coud blame them? That move set in motion a number of dumb car moves I’ve made over the …

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