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The Best Way To Buy A Car

Essay by   •  December 11, 2010  •  305 Words (2 Pages)  •  1,391 Views

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There are many different ways to purchase a car. The best way to purchase a car is to do research. To a lot of people, having a car is as important as having a place to live. Because a car is an expensive item, it is important to look at the advantages and disadvantages of being a new car owner.

Any car can be a not so good buy. However, a lot of cars are covered by Warranties, most for 5 years or 10,000 miles. If you intend on keeping your car for a long period of time, you may consider an Extended Service Contract. With the Service Contract you can control the maintenance and the cost to some extent for a longer time period.

Before buying your New Car, you should consider some other factors, such as depreciation and insurance. Cars tend to lose value once it leaves the car dealership. As times goes on the car is worth less. Insurance for a New Car is mandatory. Although insurance may be higher on a New Vehicle, if involved in an accident it may be too expensive to fix. That is where the insurance comes in to play.

The last factor when purchasing a vehicle is the price. When purchasing a vehicle, you can finance through the Dealer ship or through a Bank. You may also apply for a loan with a low Interest Rate. If you pay for the car in cash there are no Finance Charges or Interest Rates that you have to worry about. Making a large down payment and a shorter loan period may also cut down on the finance charges and interest rates. These are the many reasons why doing research on purchasing a vehicle is the best way to buying a car.

Daphne Wilson




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