How to Properly Buy A Car

My philosophy of buying a car is my philosophy of owning Real Estate. It doesn't pay if you are leasing. You have to be the Leaser. What people completely enslave themselves to is not only the car, but THE BANK. Most people are completely helpless. They have been snared by The Free Lunch and pay with it with their freedom.

The Bank has figured out through technological analysis the exact financing rate that will sell worldwide with the MAXIMUM juice aka Interest without raising any of a car slave's antennae.
The Bank is your friend or your enemy depending on how you handle yourself.

The Bank is your friend if you negotiate like a boss and buy a car on your terms as follows:

1. You must have more money, actual money in your bank account than the car itself. For example if the car costs $70,000 you should have $140,000+.

2. Most people make the mistake of negotiating with a sales rep instead of the Manager who wants to get that inventory eater off the lot as soon as possible. Especially if it is a Pre-Owned or Other Manufactured Vehicle. So, Win-Win is not where people "Win" it is where you relieve the Manager's headache and you get a deal!

3. Most people make the mistake of not using the Bank as a partner in any purchase whether it is Real Estate or buying a Vehicle. Other People's Money is great if you have the money out of your pocket when things go wrong. Refer to Rule One. So, if a car costs $80,000. If you're a bright one, you would put down a nice DOWN PAYMENT of $40,000. To hedge against "depreciation" aka Benefits of Ownership. But, if you are a Boss, you would be like CA$HFLOW IS KING! And I'm not using my own money to pay for something that I don't have to.

You would go call your bank you have been in a relationship for years building up and paying off loans with them. You will take out a Loan from them AT A BETTER RATE and go to Dealer aka Retailer who acts as a Middle Man to the Bank who doesn't know the that you are NOT using your own money and negotiate like mad with The Manager as in Step Two.

This is how you do it!

If you can't put a Down Payment on a Car. You cannot afford a nice car. But majority Civilian Slaves will go into a Dealer with NO MONEY and SUCK ON A DOWNED POWERLINE AND CRUSH THEIR DREAMS with an 84 MONTH 7 YEAR TERM. OF A COMPLETELY USELESS AND UNSELLABLE CAR!