Lifesaver,
I am going to show you the BEST way to buy a used car and pay ALL CASH-No financing.
This will require some patience and discipline, but I guarantee you will save a bundle.
With the $ you have, buy the best used car you can buy ALL CASH. In the meantime, figure in your head a $ amount "monthly payment" you can afford. Each month, deposit that amount in the bank (hereafter referred to as the Bank of Me). After 6-9 months, use that money and the proceeds from the sale of Car 1 to buy the best used car #2 you can--All cash of course.
Meanwhile, Keep making those monthly payments to the Bank of Me. Depending on your monthly payments and your car trade-in or sale proceeds, within 2-3 years you should have enough to buy a late model vehicle all cash with no depreciation costs. Or you can just keep parlaying the $ into the best used cars you can find.
And best of all, NO INTEREST TO PAY
Hope this helps
RM
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