Steps to measure while purchasing a car
Buying a car is probably considered to be the second most
expensive object next to buying a house. So it is very important to understand
the real process involved in purchasing a new car. If you have the whole cash
then that is totally different. But if you are going to buy on finance then
definitely you need to analyze a few things.
Analyze your budget
You need to make sure that you can easily pay the monthly
payment without any delays. Since you get the car on loan, the car will be
under the lender’s name and you will have no right in the car. Only after
clearing all the EMI, you can own that car. In this case, if you fail to pay
the EMI then the lender has all the rights to seize your car.
Understand the
costing and charges involved
You need to understand all the charges involved. Few lenders
will have hidden charges which we will be totally unaware of. So we need to
work out on the costing. You can check the installment amount need to paid
using a car loan calculator. With
this, you will get an idea of how much you need to pay monthly.
Get proper guidance
Before buying a car, you need to get proper guidance from
either your friends or relatives or neighbors who own a car already. Their
experience can help and can save you from unwanted expenses. So there is no
fault in getting advice from others. Because we may buy a car once in our life.
If you are well enough then you purchase many. But most of the middle-class men
will get this opportunity only once in his lifetime then why to take a risk?
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