So your mechanic called and delivered the bad news. The car that got you through high school and college is toast. It had a good run, and the stories it could tell would set your parents’ hair on fire.
The good news is that you have a job, and after assessing your finances, you realize that you can buy either a new or used car to get you to that job on time. And let’s be honest, there’s nothing like buying your 1st ride
! Since this will probably be one of the biggest purchases you’ve ever made, don’t jump the gun and run off to the dealership just yet. As with all of life’s major decisions, you need to do your research beforehand to fully understand all the options. We sat down with Steve Benise, president of Car Solutions, our auto buying service with access to multiple dealer inventories. Here are the top takeaways from that conversation on NEW vs. USED car-buying.
When you’re in your 20s, life is fast-paced with changes happening every moment. From switching jobs to constantly moving from apartment to apartment, your 20s can be a whirlwind, which makes it even more important to have a stable financial foundation.
While your fast metabolism and flexibility may disappear after your 20s, any financial debt you incur is here to stay until you pay it off. Therefore, it is essential to take responsibility of your finances in your 20s so you're not paying for it for the rest of your life. Check out these tips on reaching financial happiness before you hit your 30th birthday: