What are the best ways to finance car purchases?

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What are the best ways to finance car purchases?

Rounding it up

  • Cash, savings, and financing are all valid options for purchasing a vehicle, each with its pros and cons.

  • Financing is the most popular and widely opted for choice. If financing, you can choose between an unsecured personal loan or a secured car loan.

  • Leasing is also an option for those who want the flexibility of changing their vehicle often or wish to drive a newer or better vehicle than they can afford to purchase.

  • Don’t forget to create a detailed budget to determine what kind of car you can afford before you finalize your decision.

5 min read

Ben Bejster
#financing#budgeting#saving

Ben Bejster

Ben is a freelance writer and law student at Indiana University Maurer School of Law. He previously worked in various marketing positions before launching his own content writing agency.

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