Buying A Car: 5 Ways To Save Money
Car dealers offer incentives to sell out their cars, but how would you distinguish between a scam and a bona fide deal. Personal finance experts have suggested a few tricks with which you can save money and purchase your dream car reasonably.
Choose a car that you can afford
Choose a car that you can pay back in 3 years or less. If not, then go for a cheaper car, or start saving and buy only when you have enough money for it. Monthly installments can actually suck off your income, so they should end up as soon as possible. The installments should not be more than 20% of your monthly income, including your fuel, insurance, repair and maintenance related expenses