New car prices are on the rise. With the economy the way it’s going dealers are charging more. Auto lenders are jumping on the bandwagon by changing the terms of their loans to try to get you in and buy a new car while trying to keep your payments low. However, when you look at the short term savings it could cost you dearly in the long haul. So how can someone drive off with the best deal? Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox News to discuss the new terms auto lenders are advertising some as long as 96 months, but are they good deals.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: auto loan, banks, ed butowsky, financial advisor, loans, new car buying experience, short term savings, terms and conditions, wealth manager