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Once you know how much you can spend it s time to weigh your options.
How old do you have to be to buy your first car. A new car loses almost half its value in the first five years so go for one that s a few years old yet still has contemporary safety features and many. The best way to save money is to buy used. By spending some time researching before you buy you ll have a much better chance of finding a car that you can afford and meets your needs. You may be able to make more money by selling the car directly. Do not become upside down on your car loan.
The first thing to consider is how you re going to use a vehicle. You can save a lot of money by buying a two or thee year old car. Sell your car yourself instead of trading it in. Nevertheless it s worth keeping in mind that you may have to spend more money on maintenance such as repairing and replacing parts so make sure you weigh it up on your wallet before you buy. Theoretically and depending on your budget a used car between 2 and 3 years old won t steer you far wrong.
Of course if you have to finance your car for more than three or four years you should question the original purchase price in the first place often dealers will offer gap insurance when. This is an option if you are shopping for your second car. This is when you owe more on a car than it is worth. If you re buying a car for a son or daughter who has just passed their test you might find it s sparked some nostalgia for your first car.
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