What To Do When You Can’t Afford To Buy A New Car

| September 21, 2017 | 0 Comments

Don’t panic if you haven’t got the money to buy a new car outright. Lots of people are faced with this problem, but there are many solutions. Here, we’re going to take a look at 3 of the best solutions you can consider when you can’t afford to buy a new car. Take a look and see what’s best for you!

Finance A Car

Financing a car has pros and cons. You will own the car when you finish paying it off, but you must pay for it each month until you’ve paid off the total sum. This can go on for years, which is why some people prefer to lease a car and then get a brand new car after a few years. We’ll talk more about leasing later!

Join A Car Club In Your Area

Joining a car club in your area is a great idea if you don’t need a car all the time. You simply pay an annual membership, and then the amount of time you want to borrow a car for. If you only use a car for the occasional road trip or family getaway, this is a great option for you.

Lease A Car

Leasing a car also has pros and cons. You’ll be able to get a new car every few years, but you will never own your car when you lease it. You’re basically borrowing the car. This option suits many people over buying – you can compare leasing and buying in the infographic below!

credit to auto.loan

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Category: Car Loan

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