Can You Afford A New Car Loan?
November 21st, 2009
My friends and I are recent college graduates and most of us have by now been employed for about six months now. And most of us are now in a situation of needing a dependable car of our own. The trouble is that we really have no clue where to start when it comes to negotiating for car loan.
Fortunately, do have one friend who majored in economics and gave us some good advice. Here is a list of things you need to do before signing your name to Car Loans:
1) List the features you need on a vehicle, if money is an issue, you cannot afford an extra luxuries.
2) Ask yourself if you really need an new car? Or will the vehicle you currently have last you a while longer, or are you putting more money into repairs that it is really worth?
3) Never pay the car’s sticker price. The dealer has room to negotiate on price and will almost always come down.
4) Before you go into talk about financing, know exactly how much you can afford. Figure your budget and stick to it.
Entry Filed under: Autos