Only way to buy a vehicle etc is: 100% down and ZERO $ monthly payments to anyone but yourself. How do you do that?
Start with a lower priced used vehicle when young or now and pay it off on a shortest term loan you can still handle. Then keep on making the same exact payments into your own savings account after the loan is paid off until you buy a newer vehicle or a new vehicle a few years down the road with nearly all or all cash from that very savings account. Don't over buy!
Then to continue saving for your next vehicle by making what ever the min payments there would be on the newer or new financed vehicle for as long as you own it until you buy your next better (the one you really want) new vehicle down the road and you'll have ALL the cash needed for 100% down and NO monthly payments to anyone but your own bank account!
Your bank account is yours and grows and will be ready for your next vehicle purchase and is also a life saver if real emergencies rear their ugly head. Always remember that the $3K to $7K+ of interest you would have paid out for a loan is now yours and also gains some accrued interest too!
All you need to do is keep your eye on your target and be diciplined and in control. If not or you don't, the bank or financing institutions will be very happy to receive your monthly payment which includes a lot of it going to interest especially in the first 2/3 to 3/4 of the life of the loan!
Get smart and stay smart!
