Which is the best way to buy a used car? by "Cash" OR by taking "usedcar loan". please give your suggestions
Which is the best way to buy a Used Car? by paying direct "Cash" OR by taking "usedcar loan". please give me your suggestions. I want to go for smart way of buying.it should be financially good choice.
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- depends if you have the money, i would pay it. if you dont, try to pay a fat down payment so that your monthly will be lower. anyway, if you take a loan, and end up selling the car, you need to sell it for more than what you boguht it for in order not to lose money on it. there may come a day when you dont want the car anymore, but you cant afford to get out of it.
- Go to the show room and also try some resale outlets in your colony.
- If u have the cash option, then go for cash instead of giving interest on used car. Atleast it will not bother you every month to pay regular instalment. There is also one more benefit, if you are not satifsfied with your car you can sale it out. But if you have your car under loan, i guess you will have trouble on sale.
- For me,,i will by CASH.Two months ago,I bouht a near new SUV from online police auction.It only cost me $730 and i have not had one problem with it yet . I followed the guide on http://www.usedcarsinfo.info/index.php?t=usedcar .That site listed top 5 Police auction sites and help you choose the best one. So why wont you by CASH????
- Buy by Cash, especially used cars.
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