How to Buy a Car Without Going Into Debt

This is a sponsored post and all opinions are my own. 

Your biggest purchase after buying a home is buying a car. Some cars can actually cost more than a new home. Doing your homework before you buy is essential for a good experience.

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At you can find all the resources you need to help you make your purchase, including how to check for car seat safety. Before you start looking you should have your budget in mind.

How to buy a new car and not go into debt. Debt Free Journey

Things to consider first before you buy a car

  • Will you pay cash?
  • What will the insurance cost?
  • How many miles to the gallon will you get?
  • Has there been any recalls on this type of vehicle?
  • Will you need to repair the vehicle soon?
  • Have a good mechanic look at the car before you buy.

How to Buy a Car without Going into Debt?

If you decide you want a new or used car and you don’t want to go into debt, you can approach it two ways.

First, decide on the budget you can afford and save monthly so you can pay cash for the car. You don’t have to get a loan. You can save lots of interest by paying cash. 

Second, you can save for a year, buy a car you can afford, then save again, sell your current car and add that money with the amount you saved and purchase your new car. It may take you a few years to get into a newer model but not having that debt payment every month will make it easier.

Having a reliable car is so important. My family owns an auto repair shop and we feel it is important to be educated in not only buying a car but also keeping the maintenance up on your vehicle, whether you purchase a new or used car.

Make sure you get your oil checked, the tires checked and watch the gauges. This could save you thousands of dollars by keeping your car in its best condition.

More Tips to Stay on Your Budget

You can buy a new or used car without going into debt. Share some tips you have for buying your last car in the comments.

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One Comment

  1. Buying a car is such a HUGE decision. We are currently leasing because the payments are much more reasonable. I still have 2 years to go. Another way to save on your car is to have a GM Card. We buy GM cars, and we have rewards that we apply to our lease/purchase.

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