You’ll never pay a penny in finance charges. Instant Equity: You own the car 100% from day one.
Keep your "rainy day" fund intact for emergencies. do you need a loan to buy a car
Check with a credit union or bank before hitting the dealership. You’ll never pay a penny in finance charges
Aim for a 20% down payment, a 4-year loan term, and keep total car costs under 10% of your income. a 4-year loan term