This is an excerpt from "Credit is a Four Letter Word", which is copyrighted by the author. All rights are reserved. The entire book is available here. Although you can read the entire book by using the navigation at the bottom of this page, you might find it more convenient to have it available to print out, or read as a standard PDF. We've made it very affordable in that format, or you can continue reading (for free) here. I hope you enjoy it.


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10. Let your friends and relatives know that you are in need of a car, and specify what kind and what you’re price range is. They can ask around for you which is even easier than looking for a car yourself.

 

Basically, it will be hard for you to acquire a car when experiencing financial difficulty. You have to pay not only for the price of the car, but also for the papers, the repairs and check up’s and the gas. It would be best if you could just wait for your finances to recover before purchasing an automobile, you’ll not only have a car that you can use but you’ll also have to capability to buy a car you’ll enjoy.

 

Also, whatever you do, if you're buying a used car, don't spend your last dollar on it.  Chances are it will soon need some repairs.  Look at the situation as if transportation costs money, you either spend money on a new car that includes a warranty, or you spend less money on a used car, and then add more for repairs.  In the end, it might just come out even.  Buying used will help you get the transportation without spending all the money up front.  

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