Auto Loans 101
Introduction
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Engineered to move the human spirit.
The true definition of luxury.
Accelerating the future.
If you listen to their slogans, car companies make buying a car sound like a no-brainer. The truth is cars lose money as soon as they’re driven off the lot. Plus, they cost money to use and maintain. So can buying a car be a positive economical choice? We’ll help you decide!
According to Road and Travel Magazine, these are the top five reasons people buy a new car:
- Their current car gets poor gas mileage
- They’re tired of the old car and want something new
- Their current car is always in the shop for repairs
- Their current car no longer runs
- They’re looking for better safety features
Purchasing a car is a big decision and unless you have the cash on hand, it also means getting a loan. The more you understand about the process of financing a vehicle, the more likely you are to get the most out of your purchase.
