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The Alternative

Good news! There’s another way to go—an alternative that won’t wipe out your finances now or drop you in debt’s bottomless pit in the future. Here it is: Pay cash for a good used car.

I know that most adults think I’m crazy when I tell you this. New car dealers will boycott. Banks will call me a heretic. And maybe even your parents will write me nasty letters. I don’t care. I’m standing my ground. Paying cash for a good used car is the only way to go.

I’ve got to warn you—if you decide to follow my advice, you may be in for some serious resistance. People will tell you that buying a used car is just buyingsomeone else’s problems. After all, why would they be selling the car if there weren’t something wrong with it? Good question. Here are some good answers (and if you paid attention earlier, you already know them): ..more

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For many people, buying a car is their first big-time investment. But for most of these investors, it’s also their first leap into debt’s bottomless pit. Can you actually buy a good car without going into debt? How can you keep from losing your shirt to an unscrupulous seller? I’ll show you how to pay cash for a great, reliable, used car—and why doing it any other way is just plain silly.

The New Car Myth

When most people dream of owning a car, they think of a new car. They’re shiny, they’re reliable, they’re great fun to show off to your friends. And best of all, they have that intoxicating new-car smell. ..more

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