When you walked into the dealership, you fell in love with your current car.
It was so shiny and new.
Then you remember you still owe on your current hunk of junk.
To offset the cost, more people are lengthening their loan terms to lower their monthly payments.
For the non-mathletes among us, thats a six- or seven-year car loan.
Our team has compiled alist of creative waysyou can fatten your bank account this week.
This is a long list, so dont get overwhelmed.
Well keep it updated as offers changes or expire.
Lets execute the numbers.
Then lets start with the worst idea and work our way up.
It makes it even harder to get out of debt.
And maybe theyll tack on a fee, just for good measure.
So the vicious cycle continues.
It all adds up to a bad idea.
Also, skip the premium package.
Apply for a shorter loan term.
Look for cash-back offers on the next car.
Get a loan preapproval.
You know how #1 on our list was the easiest (and least financially savvy) option?
This, in the end, is the best option, financially speaking.
Tiffany Wendeln Connors is deputy editor at The Penny Hoarder.
Readher bio and other work here, then catch her on Twitter @TiffanyWendeln.
(Can you sense my millennial sarcasm there?)
You know which ones were talking about: rent, utilities, cell phone bill, insurance, groceries…
