Let’s face it, cars are not investments. Unless you plan to purchase a classic automobile, there’s a good chance that your vehicle will depreciate quickly. After all, most car manufacturers these days tend to release brand new models almost every year. And it is for this reason that it’s vital not to pay more than what you have to when trying to secure a deal.
More importantly, very few of us have the luxury to have enough money to purchase a car outright. This is where financing comes into play. But just because it makes the prospect of ownership possible for those of us working on tight budgets, there are a few things that need to be considered.