Category: Auto

Buying or Leasing a Car

Deciding whether you will be buying or leasing a car is a very important decision that can have a long-term impact on your budget. It’s important that you don’t end up with a car that you cannot afford down the road. Let’s take a look at each option in more detail.

Car Ownership or Ride-sharing

  • February 11, 2017
  • By: Greenpath Financial Wellness
  • Category: Auto

It makes sense to look at your transportation options when planning for financial wellness. So which is better car ownership or ride-sharing?Transportation accounts for 17% of an average American’s spending. This is inconsistent with what financial counselors typically recommend, which is to limit transportation costs...

Buying a New or Used Car

Is it better to buy a used car or go with a shiny new vehicle? Let’s compare the two options of buying a new or used car and give you some good information to make a well informed decision. Buying New Probably the biggest single advantage is the car itself.  Since it’s brand-new, it has never been driven by someone...

Auto Financing Options

Before you find your new or used car, you should know how you will pay for it. Most people don’t have cash to just buy your car. In general, there are three main options:  financing through the dealer, financing through your own credit union or bank, or leasing. Use the dealer’s financing  This is usually the easiest...

Budgeting Basics for Purchasing Your First Car

(Editor's note: As U.S. automakers set a new record for cars and trucks sold in 2016, GreenPath welcomes guest blogger Warren Clarke from CARFAX to share five tips on buying a vehicle in 2017.) If you're purchasing your first car, this purchase represents an important milestone in your adult life. Owning a car gives you...

The Car Buying Process in Seven Steps

  • September 1, 2015
  • By: Greenpath Financial Wellness
  • Category: Auto

Here's a few steps to should consider if you are shopping for a new or used car. Step 1 – Research Many people buy cars based on what they look like or what they are familiar with. Instead of buying the same type of car that you’ve always driven, it may be wiser to list the attributes you are looking for, and then...

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