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Theres the monthly car payment, of course, plus other fees associated with upkeep.
Suze Orman wants you to pump the brakes on this line of thinking.
The famed financial expert and author says car owners dont have to keep rolling over the same financial potholes.
Is that better than buying a car outright, in cash?
But a car loan doesnt have to derail your finances if you follow a simple principle.
Its a straightforward approach with long-term value.
And it typically isnt a small sum.
Edmunds says the average remaining balance is more than $6,800.
And one in four trade-ins still owe more than $10,000.
Are you kidding me?
That is just spending on a want, not a need, she said.
Even the most high-tech infotainment system and heated seats arent worth the extra money you could invest elsewhere.
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