Senior Market Analyst at Kelley Blue Book, providing timely data analysis, market insight on global and domestic events that shape the auto industry.
Joined May 2012
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I’d say stick to less than 20% of monthly take home pay if possible, including gas, insurance, etc. for your monthly payment #creditchat
Leasing is also great for someone that is looking for something new every 2-3 years #creditchat
Lease benefits: You can get more car for the money. Save as much as $200 or more on a lease compared to a 5 year loan #creditchat
I prefer new personally, but certified pre-owned is a great way to stretch your budget #creditchat
Tips to reduce risk when buying used: get a vehicle history report, check the Blue Book Value, consider certified pre owned #creditchat
Finance. Rates are really low making the cost of money minimal. Great lease options out there too though… #creditchat
Buy without doing their homework! Take advantage of your resources to ensure you buy the right car while saving time and money #creditchat
Alec Gutierrez retweeted
Forecast your budget for the next 5 years and consider payment, interest, and overall affordability with other financial plans. #creditchat
Credit is immensely important. Solid credit can save more than $100 per month while bad credit can limit purchase options #creditchat
Think long term, this is a big purchase. Think about fuel, insurance, repairs. Check KBB's cost to own to get insight #creditchat
Alec Gutierrez retweeted
Do the research. Know what makes and models meet your needs. Check fuel economy and ownership costs #creditchat
Alec Gutierrez retweeted
Almost time for our #CreditChat at 3 p.m. ET ex.pn/vehicle w/ @MichKrebs @AnalystAlec @Call4Action_Ed Join us!
Weigh your warranty length vs. loan term. Don't want to make payments on a car out of warranty if you don't have to #CreditChat
Rates tend to rise beyond 5 year loans, I would recommend keeping the term below 6 years if possible for that reason #CreditChat
RT @Experian_US Last question. Q9: What’s the longest term loan you would agree to?
#creditchat
$25-$30,000 loan can be had for around $500 per month, tons of great cars available in that price range #CreditChat
RT @BevHillsPorsche "Never bite off more than you can chew." Set a budget before you shop and stick to it! #CreditChat