Next to houses, cars can be one of the most expensive purchases you’ll make in your lifetime. So it pays to shop around and make sure you lock in the
Auto Loans and Car Leases
Auto Loans
Picking out a new car can be very exciting, its paying for it that can put a damper on the process. Most cars are purchased with an auto loan, and it is important to understand the details before signing on the dotted line.
Car loans are often the second largest loan (behind mortgages) that many people ever take out. Below you will find an extensive list of articles and guides explaining the most important details you need to know before taking out an auto loan.
Car Leases
Leasing a car may sound like a financially-astute thing to do, but there are many differences between buying and leasing that needs to be understood. For one, you never actually own the car during a lease. While you may have an option to buy it at the end of the term, you are basically renting while the lease is in effect.
Not that leasing is all bad, though. There are certainly times when a car lease can make sense. Check out the guides and articles below, and familiarize yourself with the pros and cons before committing.
Before taking out a loan or lease on a car, make sure you have a solid financial plan and a household budget. If you don't know how to make a financial plan, check out 6 Steps to Financial Freedom.
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