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Buy Your Next Car Without Breaking the Bank

Buying a car or truck can be one of the biggest purchases you'll ever make, so getting the best deal you can is extremely important to keep your finances healthy. But with the challenges of haggling on price, trade-in value, and financing, it can be hard to know how much your budget can handle.

In the following video, Motley Fool investment-planning editor Lauren Kuczala talks with longtime Fool contributor and personal finance expert Dan Caplinger about how to plan for a new car purchase. Dan points out that the key first step is to figure out how much you can afford, considering all the expenses of vehicle ownership. Then, use the incentives and financing options that major car companies offer to their fullest, considering not just monthly payments but also total costs over the the lifespan of your vehicle. Dan and Lauren also discuss the pros and cons of buying new or used cars in the current market. 

Few companies lead to such strong feelings as General Motors, among both car enthusiasts and investors. But ignoring emotions to make good investing decisions is hard. The Fool's premium GM research service can help, by telling you the truth about GM's growth potential in coming years. (Hint: It's even bigger than you might think. But it's not a sure thing, and we'll help you understand why.) It might help give you the courage to be greedy while others are still fearful, as well as a better understanding of the real risks facing General Motors. Just click here to get started now.


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Dan Caplinger
TMFGalagan

Dan Caplinger has been a contract writer for the Motley Fool since 2006. As the Fool's Director of Investment Planning, Dan oversees much of the personal-finance and investment-planning content published daily on Fool.com. With a background as an estate-planning attorney and independent financial consultant, Dan's articles are based on more than 20 years of experience from all angles of the financial world.

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