8 Reasons You'll Overpay for Your Next Car

Purchasing a vehicle is a big investment, so you want to make sure you do it right. Just as important, you want to make sure you don't do it wrong. To help you save cash on your next car, we've consulted with financial and car-buying experts the find out the most common and expensive auto-buying mistakes.

So, here are eight reasons why you may overpay on your car (unless, of course, you take our advice).

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Im sorry for your losses. There are so many cars out there people are literally giving them away.
Ok, I am in the auto body business so I have cars given to me that are supposedly "totalled".
I fix them for a few hundred dollars and drive them for 10 years or more until they are not worth fixing.
Why do people spend so much money on new cars ? Pure fear and stupidity.

September 04 2014 at 4:36 PM Report abuse rate up rate down Reply

Number 6 is the best advice yet. New cars are for people with more money than brains, and with money to burn. The last time I bought new was 1990. I buy two and three year old cars that still have a factory warranty on them, pay cash, and by doing so I have NO monthly car payments. Even if you have a large repair bill not covered by a warranty, it's still cheaper than buying a new car. When I'm ready for another car, I usually sell my cars privately for more than half what I paid for them. I keep them garaged, maintained, and do not abuse them, so they sell easily.

August 26 2014 at 8:43 PM Report abuse rate up rate down Reply

It's practically impossible for the average buyer to beat the car dealer (sales manager?) in his business. They'll do it to you without a kiss!

August 26 2014 at 1:39 PM Report abuse +2 rate up rate down Reply