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Suze Orman's road rules for car buying

October 11, 2013 at 3:13 PM

The car you're driving could be driving you into poverty, says Suze Orman. While lenders are relaxing terms and offering longer periods for borrowers to pay, Orman is sticking by her rules of the road.

"Lending standards have loosened up, so many of you who couldn't buy a car before… are going out there and buying cars that are so expensive it's not even funny," Orman said. She points out that this is made possible only because the loan is being drawn out 'over six years, seven years, even eight years so (that) your payments are (small). 

 

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Suze Orman's road rules for car buying

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