THE FIVE DEADLY CAR BUYING SINS
Before you consider taking out an auto loan, maybe you should think about how you're buying your car in the first place. A lot of people make mistakes -- which can be avoided if you know what they are beforehand.
For starters, buyers are often tempted to go for the hottest-looking number on the lot, which dealers are all too happy to showcase. To avoid this pitfall, experts advise, spend a few minutes thinking about what you'll use the car for -- not how you'll look behind the wheel. Hauling the kids to soccer practice? Loading groceries into the trunk on a rainy day? You'll be surprised how quickly your desires can change.
Other common buying errors include budgeting based only on monthly payment, talking trade-ins too early and not researching the dealer before you buy.
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