So, you have your heart set on a new car? As with buying a house, you won't be expected to pay for the whole thing up front. In most cases, you will need to save up the down payments. This is usually 10% of the car's price, though this may be less if you trade in your existing car. Doing your homework ahead of time so you know what you can expect to pay to pay, then making a smart decision when it comes to leasing or buying, new or used, can save you money down the road.
A lease is usually the best bet if you like to trade in your car every couple of years. Some leases do not require a down payment, instead, you pay a set monthly amount. At the end of the lease, you return the car and owe nothing, or you can buy the car.
One of the best ways to save money is to buy or lease a solid used car that's at least 2-3 years old, instead of buying a new one. The down payment, monthly payments, and insurance are often substantially less for a used car.
Whether you decide to buy or lease, you can save a lot of money if you negotiate the price. The sticker price does not reflect the bottom price that the dealer will accept,so bargain hard. Once you know the true cost of the car you want to buy, call around to dealers and start bidding.
With this strategy that I have mentioned, getting a new set of wheels will cost you much less than you thought.
A lease is usually the best bet if you like to trade in your car every couple of years. Some leases do not require a down payment, instead, you pay a set monthly amount. At the end of the lease, you return the car and owe nothing, or you can buy the car.
One of the best ways to save money is to buy or lease a solid used car that's at least 2-3 years old, instead of buying a new one. The down payment, monthly payments, and insurance are often substantially less for a used car.
Whether you decide to buy or lease, you can save a lot of money if you negotiate the price. The sticker price does not reflect the bottom price that the dealer will accept,so bargain hard. Once you know the true cost of the car you want to buy, call around to dealers and start bidding.
With this strategy that I have mentioned, getting a new set of wheels will cost you much less than you thought.
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