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Can I Afford to Buy a Used Car? Here’s How to Find Out

Car Examer

A good rule of thumb is to keep your total car-related costs (loan payment, insurance, fuel, and maintenance) around 10-15% of your monthly income. Questions to Ask Yourself: How much can you put down upfront? What’s a realistic monthly amount for car payments, insurance, and upkeep?

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9 Smart Tips for Financing Your Next Car Purchase In Australia

Car Examer

Fortunately for new car owners, most car dealers provide flexible payment terms to help you spread out your payments over time and make the repayment cost more reasonable. This allows buyers to get either a better deal or better payment terms for their purchase. Interest rates, payment terms, and security terms may vary.

Finance 52
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How to Haggle Car Price Like a Pro

Your Car Buying Advocate

Imagine financing like this : It’s a way to break up the cost of the car into smaller, more manageable payments spread out over time. Your budget should clearly reflect what you can afford to spend, keeping in mind both the initial cost of the car and ongoing expenses like fuel, insurance, and maintenance.

Finance 52