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Financing a car is easier then a house

The average age of passenger cars on the road is now at 11.1 years old, the highest on record according to to R.L. Polk & Co., an automotive market research firm. There is pent up demand for the next two years to buy new cars. But wait, if I buy a new car and finance it, that payment reduces how much I can qualify for a new mortgage. You should buy the house first, get a mortgage, then go out and buy the new car.

Read more here: http://www.newsobserver.com/2012/01/17/1785358/average-age-of-cars-on-us-roads.html#storylink=cpy

This entry was posted on Wednesday, January 18th, 2012 at 5:03 pm and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Financing a car is easier then a house”

  1. Rentvito Mikroautobusu nuoma Says:
    January 22nd, 2012 at 9:10 pm

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