Accountant Nischa Explains
19 Feb 2023
In this video we discuss four of the main ways you can purchase a new car.
We go through what they are, which one is the the cheapest and how to work through the numbers, the opportunity cost and the psychological factors.
There are many other ways to purchase a car including a personal loan/ a financing option through a third party – but to keep things simple, I cover four of the most common methods in this video.
11 Aug 2020
You should NEVER pay cash at a car dealership if you want the best deal! This video explains why… If you’ve saved up money to buy a car in cash, congrats, that is a GOOD thing!
However, most people think that paying for a car with cash is actually a negotiating chip when it’s not. Dealerships are not incentivized in ANY way for you to pay cash for their car (other than kickbacks and sales bonuses from the manufacturer).
You paying cash will actually result in you potentially paying MORE for the car!
