Thread: Car :(
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Old 02-05-2001, 04:40 PM
Allie_XO Allie_XO is offline
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Join Date: Dec 2000
Location: Mobile Alabama
Posts: 177
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OK, this is kind of obvious, but I'll say it anyway.
1. Pay has much as you can in down payment. That way you'll have smaller payments and you'll have to pay not as much interest.

2. While you shouldn't have too high payments, make sure you're payments are not too small. If they are too small, then you'll be paying as much in interest as you are in car.

3. Make sure that you can pay off everything in full without a penalty fee. My cousin got an inheritance, and had about 3 payments on his car left. If he paid it off early, they would still charge him the interest and then a penalty. (Don't ask me why.)

4. Get a car with good gas mileage.

5. Call around to find out what financing charges are and don't be afraid to say, "Oh, well So-N-So Bank had it lower."

Used cars rule. I have a 1992 Mazda MX-3 and it is still going good. That is the best car. Anyway, hope that helps and good luck with everything!

Allie
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