How to Buy a Car the White Coat Investor Way Story

How to Buy a Car the White Coat Investor Way

After housing, transportation may very well be your second-highest expense. And for most people, that means purchasing and owning cars.

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The easiest way to buy a car is to go to the dealership, pick out the car you want, and pay sticker price, financing the purchase with a car note from the dealership. The easiest way is also the costliest way.

5 Tips on Actually How to Buy a Car

Both of my previous two daily drivers were bought at an auction, the first during the auction, and the second before the auction.

A private party selling their car, on the other hand, need make no profit and will charge you no certification fee. They’re also far less talented and motivated to deceive you.

Have fun with it—when buying from a used car dealer, realize it’s a game and have some fun. I spent five weeks buying the car my wife is now driving.

When buying new, there is little reason to go to the dealership at all, except for a test drive and to sign the papers.

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