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.

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.

Dr. Jim Dahle takes a different approach, as have I. First, he’ll tell you how to select a car, then he’ll tell you how to actually buy a car and get the best deal.

How to Buy a Car the White Coat Investor Way

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I am frugal with automobiles for various reasons. I grew up riding in and driving inexpensive cars that we worked on ourselves.

Why I Drive Inexpensive Cars

For the longest time my daily driver was a 2002 Dodge Durango. I bought it for $4,000 in 2010. It wasn’t a great car and got lousy mileage. I don’t recommend you get one.

You Aren’t What You Drive

I think many people stay in the poorhouse due to what they drive. I’m always appalled to hear about someone making $30,000 to 40,000 a year who has an $18,000 car loan. Bizarre to me.

Driving to the Poorhouse

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