It’s one thing to get a car and it’s another to have to pay for it. This can be a challenge for a lot of people, especially if you don’t have the money. We all know that cars are not cheap, and they don’t seem to be getting easier to afford. That being said, you are going to have to get creative and start looking at financing the car. Many try to avoid this step, but it might be the last resort of what you can do. Here are some things to expect from automotive financing.
Where to go?
You can start with family and friends. Who knows they might understand your struggle and give you enough to put down a sizable deposit? This can move you into a new car faster than you realize. However, you do have to keep in mind that you will have to pay them back. If you become tight on money when paying the monthly payments and other expenses, you might fail to get their money to them in a timely manner. This only starts arguments and soon you have created a rift. Try your bank or credit union to see if they can give you a loan as well.
The auto dealer
You can find financing at any auto dealer you talk to. However, you will have to qualify and if you don’t, they could tack on a bigger deposit that needs to be paid. Try to figure out if you want to … READ MORE >>>