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Humble_Signature_993 t1_j2axayw wrote

  1. Do your research on the fair market value for the specific vehicle and condition you want.

  2. Do research on how much your insurance premium would cost for the car.

  3. Save the money to purchase the car in full. No loan unless 0% interest (unlikely to find this). Don’t purchase for any price over the FMV.

  4. Don’t purchase vehicle unless you know your budget can afford the monthly or semi-annual premium.

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phunkystuff t1_j2b9n6g wrote

Ah interesting, why not take a loan? (I was always under the impression loans were always more favorable since return on investment would be more than the loan amount)

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