If you finance a fire truck, you'll spend between 10% and 50% of the truck price on financing cost.What can you do to make sure you're not wasting any money unneccesarily?
The biggest money saving idea is to be financially prepared for the purchaseThat means recognizing before you need the truck that you need the truck. And start saving money towards the purchase so you can finance less.
How much you borrow is the biggest factor in determining how much you pay for financing. Think about it this way, if you don't use it, you won't pay for it. So, start saving for the new truck to reduce the amount of money you borrow. NOTHING ELSE will save as much money as this simple thing.
SummaryBorrow less money to save money. It's the biggest savings idea.
John R. Hill