Imprint Legal Notes Home Finance Business Digital & Technology Economics News Should You Finance a Car? Written by Eric on 06/20/2017 in Loan Wondering whether you should finance a car? That answer is going to be different for each individual. In order to find out what’s best for you, let’s look at some pros and cons, reasons for needing a loan and your current situation. Assess your reasons for financing. Is it a want or need? Do you have money saved up for a cheaper car or for a down payment? Do you need a car immediately or can it wait? Take a good look at your finances, job and credit. These all need to be in good standing to be able to get approved for a loan, get lower interest rates and make regular payments. Good and Bad Every decision has positive and negative aspects to consider. Try making your own list as well. Pros afford a better quality car build or keep credit opens more locations to purchase a car Cons monthly payment can hurt credit if not paid on time may change the insurance coverage required Once you make the best informed decision for you, it’s on to the fun part – car shopping! Share this: Facebook Twitter Email WhatsApp LinkedIn Recent Posts What’s The Best Personal Finance Book? IFTTT Recipes for Saving and Managing Your Money Should You Finance a Car? Budgeting Software: Mint vs. You Need a Budget Recent Posts in Digital & Technology Budgeting Software: Mint vs. You Need a Budget Five Personal Finance Tools Recent Posts in Tax & Law What’s The Best Personal Finance Book? IFTTT Recipes for Saving and Managing Your Money Should You Finance a Car? Budgeting Software: Mint vs. You Need a Budget Recent Posts in PR & Marketing What’s The Best Personal Finance Book? IFTTT Recipes for Saving and Managing Your Money Should You Finance a Car? Budgeting Software: Mint vs. You Need a Budget Copyright © 2021 WNBONLINE.COM Designed by WPZOOM