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As the definitions continue to influence prices, many consumers feel pressure to act quickly. However, Ted Rosman, Senior Industry Analyst, Bankraate joined Thestreet To explain the reason for the rushing of large tickets, it may be an expensive error.
Related: The definitions will destroy this entire industry
Full video text below:
Ted Rosman: It is important to look at the daily tariff headlines. You want to make sure that you are thinking in the long run. For example, we believe that car prices will rise. This does not necessarily mean that you must rush and buy a car at the present time, because the average monthly payment of a new car is about 750 dollars per month. Although this may rise, you know what is best is payment $ 0 a month.
So if you can drive your current car in a year or two, instead of rushing to a purchase you may regret it. Because what if you end up spending? Or what if the definitions do not do what we think they would do? You may rush to buy now and don’t even get the car you want, and you are stuck with this high price. You want to think about the long term. This is true for your investments, but this is also true to buy decisions. I mean, frankly, it may not be the best time to make a large memory purchase and many people feel nervous. But again, if that fits your long -term plan and you have money and you will not enter debt, well, it may be good. But do not hurry to enter debt now because something might happen or does not happen in the future.
