3 Reasons Why You Should Pay Cash For Your Next Car

For the last six years, I have been driving the same car.  Although I have the income to upgrade, I choose not because I understand that if I get an auto loan without having a large income (over $500,000 annually), I will be using my credit and my money in a non-wealth building way.  And as you know, I am all about building wealth-building and attaining financial freedom.

In this video, I discuss some advantages of saving your money to upgrade to a better car which are:

  1. You avoid paying interest rates, damaging your credit score, and incurring late payment fees.
  2. Paying cash for your next car allows you to negotiate a better deal for it.
  3. You develop financial discipline to save large amounts of money which is a very important wealth-building skill.

Thanks so much for watching. Have some feedback you’d like to share? Leave a note in the comment section below!

If you enjoyed this video, please subscribe, like and comment on my YouTube channel by clicking here.

All The Best,

Leave a Reply

Your email address will not be published. Required fields are marked *

Comment *