Should You Buy a Car Now?

Thinking about buying a car? "Should I buy a car now, or wait?" has been an extremely popular question among our financial planning clients this year. So today, we're discussing the reality of car prices in 2025, how we think prices are likely to evolve (or not) over the coming months, and the planning considerations to take into account if you decide to buy now. 

We're also sharing our own real-world, personal experiences with buying two new cars in 2025 for fair market prices given the specific make and trim models of each, along with what we learned through the process and what we might do differently next time.

We explained the exact negotiation strategies we used, including where to research fair market value, how to push for below invoice cost, the importance of focusing quotes on out-the-door pricing, and insights on avoiding sales pressure tactics at the dealership.

Throughout this episode, you'll learn:

• Current car market trends and why prices likely won't drop
• Cash vs. financing: when each option makes sense
• How to research and prepare before visiting a dealership
• Practical negotiation tactics that work to ensure you're getting a reasonable deal
• Understanding out-the-door pricing and invoice costs
• Why timing matters: end-of-month vs. mid-month purchases
• Leasing considerations and when it might make sense
• Balancing car purchases with retirement savings and other goal

And you'll hear Kali have a *moment* about a Mazda (maybe more than one; she's a fan).

Whether you're considering a practical family vehicle or a luxury purchase, this episode will help you approach your car-buying decision with confidence and make sure it fits within the context of your other financial priorities this year. 

KEY TAKEAWAYS:

1. Don't time the market (with cars, stocks, anything!). It probably does not make sense to try and wait for prices to drop if you need to buy a