Wait Three Months Before Buying a New Car (but Save Now)

Driving a new car can be a great experience, but paying for it is a lousy one.

Take that money out of your bank account for three continuous months.

Setting up a separate savings account for this money is a smart idea.

After the three months, see if you’re free to afford the payments.

If so, then buy the car.

You’ve got money for some of the down payment saved up.

Keep Your Clunker or Buy a New Car| The Motley Fool

Photo byStew Dean.