Is Buying A New Car Really Necessary?
Sure, there are other methods of transportation available. But what happens when the bus is running late, your carpool ride cancelled, and the next train won’t arrive until several hours from now? A cab is too expensive, your bike has a flat tire, and you can’t walk because it’d take hours before you arrived—and you sprained your ankle the other day!
In this day and age, having a reliable car you can depend on is a necessity. Need to get to work on time? A car will get you there safely in minutes—not hours. Friends want you to grab a drink with them? A car gives you the freedom to say, “yes”—without having to wait around for the next bus or take a costly ride in a taxi. A dependable car gets you where you need to go, whenever you need to get there, no matter what time of day it is.
“I Can’t Afford It”
Think buying a new car is out of your budget? Think again! There are plenty of affordable makes and models available, and even more ways to help you finance them. Sites like Auto Trader and eBay make the process of finding a new or used car easy by allowing you to search for cars by location, features, price, and more. You can also try Craigslist to find deals in your area.
Still Not Convinced?
Here are some tips on how to get great deals on a new or used car:
- Take a look at your options for financing. The most common ways are through a dealership, a bank or credit union, an online financial institution, a home equity loan, or a family member or friend.
- If you already have a car but are looking to upgrade to a newer, more reliable one, consider part-exchange, in which you exchange parts of your old car to help pay for your new car.
- Browse the web. There are numerous websites out there that can help simplify the car-buying process:
- True Car shows you the market value of thousands of new and used cars and tells you what others paid for the same car, so you know whether you’re getting a good deal.
- Edmund’s not only lets you compare vehicles and see various car prices, but it contains a large amount of reviews, car-buying advice, and even loan calculators, too.
- Kelley Blue Book has been around since 1926, and is one of the most trusted resources in the automotive industry. KBB allows you to check car prices, find out what a particular car is worth, and more.
- com helps you research and compare cars, view used car values, sell your old car online, and find local dealers and sellers near you.
- Auto Trader is available in several different countries, including the United States, Canada, and the United Kingdom. The site is a great way to research new and used cars for sale, and also lets you compare different makes and models side by side.
- eBay Motors gives you exclusive daily deals, shows you current sales and events, helps you sell car parts and accessories or even your old car, and aids you in finding a vehicle dealer center closest to you.
Taking Out A Guarantor Loan
If you still aren’t sure whether you can afford a new—or even used—car, you might want to consider taking out a guarantor loan. With this type of loan, even people with no credit or poor credit can purchase a vehicle; they only need a guarantor to cosign the credit agreement, in case the borrower defaults on his or her agreed repayments.
Suco Guarantor Loans can help you with this. Suco is a lender, not a broker, which means they’re flexible in their approvals. You could have a loan in less than 24 hours! There are no hidden fees, either—just a simple, quick, and stress-free process.
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