The military has some unique debt traps that are easy to fall into.
Buying New Cars
One is this whole military car sales thing.
“Let me go talk to my manager!”
You’ve seen them lurking around the BX preying on new enlistees just getting started out in life.
They try to sell you a new car when you are overseas. They’ll tell you it’s an amazing deal because you are in the military. They sometimes try to sell it as a military benefit.
It is simply not true. A military benefit is when the US government subsidizes the cost.
Here are examples of actual military benefits:
- Medical and dental care
- Space-A Travel
- Tax-free housing
- Montgomery GI bill
Here’s an example of what is not a military benefit: