Numbers to Know Before You Buy a Car (Ep. 45)

Thinking of buying a car soon?

In this episode, Financial Dignity® Coach, Christine Luken, dives into the essential numbers you need to know before stepping into a car dealership. From understanding your current car’s value, trading in or selling options, to grasping personal financial figures like your credit score and down payment, this episode equips you with all the necessary tools to be a smart car shopper. Additionally, Christine shares an important perspective on the car buying process, including the often-overlooked total cost of ownership and the psychological tactics employed by salespeople – all to ensure you drive away with a deal that suits your financial health.

Christine discusses: 

• The different things to keep in mind when you’re trading your car vs selling it
• The three important personal numbers you need to know: your credit score, downpayment, and walk away price
• The importance of researching the vehicle you want to buy so you know the price range for the options you want
• How getting financing from the dealer is like buying two products
• Why you need to understand your emotional triggers during the car buying process
• And more

Resources:

• The Wealthy Woman Book Club
• Provider Money Pleasure Money book
• Provider Money, Pleasure Money book – Amazon US
• Provider Money, Pleasure Money book – Amazon CA
• Provider Money, Pleasure Money book – Amazon UK
• Provider Money, Pleasure Money book – Amazon AU
• Demystifying Credit Scores
• What’s My Car Worth
• Cost of Car Ownership

Connect with Christine Luken: 

• Christine Luken, Financial Dignity® Coach 
• LinkedIn: 7 Pillars, LLC
• LinkedIn: Christine Luken
• Instagram: Christine Luken
• Facebook: Christine Luken
• TikTok: Christine Luken
• YouTube: Christine Luken
• Hello@ChristineLuken.com