In addition to getting a loan to buy, the other thing you can do is get an affordable car rental. In case you don’t know, you can also negotiate a lease, and not just to buy. But you have to be careful or your expenses could go through the roof.
First, you need to know why you need to buy a vehicle.
Take note of these 3 elements:
1 – You must know your credit score
2- know which model you want
3 – and how much you can afford
The first thing to find out about leasing is the misconceptions of many people. Most of them feel that leasing will mean that you don’t really own it. And when it comes time to buy a new car, you don’t have anything tangible to change.
Ultimately it depends on what your plan is for the future of your new purchase.
Do the math. If you can negotiate a good rate that is within your range and compare it to the money spent on an interest-bearing loan, you may be able to save money.
If you intend to use it for a very long period of time, then leasing is not right for you. But if you are always changing vehicles, then it may be a good alternative for you.
Many people feel that buying a car is an asset, and when the time comes to trade, they have something of value to trade. But the key point that many people don’t realize is that the value depreciates very quickly. In fact, it depreciates the moment you buy it.
If you ever get a chance to read Robert Kiyosaki’s “Rich Dad Poor Dad,” it will tell you that the vehicle is a liability and not an asset. You may think that once you have paid off your loans, everything will be fine. But if you calculate the interest you’ve paid and the depreciation value, you may change your mind about buying a new car.
This article doesn’t cover everything from getting an affordable rental car you can afford to buying, but it should at least give you something to think about before making a decision.
