Banking Brief 7: Automobile Financing

Most people think there are only three alternatives available to finance a car: buy through a bank or other finance company, lease, or pay cash.

This video dispels this myth! In fact, these are the most expensive ways to finance a car! Considering that cars are likely the second largest expense besides your house, a mistake in automobile financing can be devastating!

Think about it for a minute. Assume you purchase a new car every four years or so. how many more cars will you be purchasing in your lifetime? if you multiply that by the price of a car, you'll see just how much money is at stake.

That number can be even greater when you consider that: most families now have more than one car, and, the price of cars continues to increase.

Learning the best way to finance your automobiles will be one of the wisest and most practical investments of your time you have ever made!

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