Uploaded January 2023 | Updated September 2026, 3 hours ago
Attorney Patrick J. D'Arcy gives you 10 mistakes to avoid when buying a new car. First, avoid the "what payments can you afford" trap (as you'll likely make it larger than it safely can be). Next, pay attention to the interest rates being charged, and if you FICO (credit) score is 700 or above, you can negotiate to lower the rate to even a below-market rate. Third, you'll need to calculate your "safe" monthly payment from the "free cash flow" remaining after you pay all of your other bills. There is more to be sure. Listen and save!
Attorney Patrick J. D'Arcy gives you 10 mistakes to avoid when buying a new car. First, avoid the "what payments can you afford" trap (as you'll likely make it larger than it safely can be). Next, pay attention to the interest rates being charged, and if you FICO (credit) score is 700 or above, you can negotiate to lower the rate to even a below-market rate. Third, you'll need to calculate your "safe" monthly payment from the "free cash flow" remaining after you pay all of your other bills. There is more to be sure. Listen and save!
