WHETHER TO GO FOR CASH

OR FINANCE ?

Planning for a Car :

OR

How to save while buying a car ??

Get some idea of the kind of the car you want.

Figure out the cost of the car..

$

Next is to Shop for the car..

Find the best interest rates..

Then Start saving for your car..

HOW ??

Establish clear goals and

parameters

Devote a fix amount to your

car fund

Make your saving

automatic

Reward yourself for good habit

Compress your needs

Find alternatives in the mean time

Buying a car with cash

Benefits:

You only need to pay a lump sum payment.No worries for interest rates.You can incur more money.You will have a true value of your car.You will get a more negotiating power.

Downsides:

Everyone can not afford to buy in cash.You will loose opportunity of earning any

potential returns.You have to wait until you save the required

cash.You may loose opportunities that can make

you earn extra money.

Buying a car with Loan

Benefits:

You can buy more expensive cars.No worries about any cash payment.You can use your savings in other profitable

enterprise or any other purpose.You can utilize your money to get returns

and that can cover the interest rates.

Downsides:

Monthly paymentsYou can’t own the car until you finish all

the monthly payments.If You will skip any monthly payment, the

lender can take the car back from you. You have to wait to sell a car until you pay

off the loan.

Tips to consider when buying a car..

Exchanging your old car

Buying from a trader

Buying from an auction

What fuel ?

First looks

Check oil and water

Test drive

Check all the documents

Making the offer

Resource: http://www.performancepluscars.com/asianimports.html