Daily BulletinDaily Bulletin


  • Written by News Company

Buying yourself or your family a car is a significant step in life. Whether it’s a used car or a brand new one, it is still an exciting experience. Buying one, however, is not as easy as buying other necessities like groceries. It is a decision you have to make through deliberation on your finances. Once you decide on buying a car, definitely the next question is how do I pay for it? If you cannot afford to pay for it at once, then you need not worry. You can get a car finance or a car loan that will fit into your financial capability. Here are some of the things that you ought to know before you can buy a car on finance:

  • Know your credit score

It is essential to understand your credit score before going to a dealer that you feel can get you the best deal on the car that you want. With a good credit rating, you can easily buy a car of your choice. Even with a bad credit rating, you can buy a car on finance because it’s easy for the vehicle to be repossessed by the dealer or your bank if you don’t make payments. The only disadvantage is with a bad credit rating; you will have to pay more. Most car dealers advertise a desirable interest rate, some as low as 2 percent. What they do not let you know is such offers are for clients with a good rating. You need to get information from the car dealer to help you decide in accordance with finances.

  • Affordable terms

In most instances, when buying a car on finance, you have the upper hand in the negotiations. In such deals, you get to choose the best package that fits into your budget. Mostly short term loans come with lower interest but high monthly payments. Keep the term as quick as you can afford to avoid financial constraints. The longer you pay for the car the higher and more the interest becomes. It seems more natural to pay meager charges every month and stretch the loan to five years, but that means you will pay so much more and feel like you are not getting value for your money because the car is depreciating. Most salespersons, if not all, will negotiate with you based on your monthly payments not focusing on the overall price of the vehicle.

You don’t want to pay for a ride that you don’t see the value in, which is the case most of the time. You need to be smart about it. You need to know what car you can afford on a short term car finance plan with good interest and affordable monthly charges. That means by the time you get to the dealership; you understand your upper limit. Most sales representatives are very good at what they do but they don’t understand your financial responsibilities as well as you do. So don’t let them make that decision for you.

Vital Signs: Shorter meetings but longer days – how COVID-19 has changed the way we work


The Conversation


Did BLM Really Change the US Police Work?

The Black Lives Matter (BLM) movement has proven that the power of the state rests in the hands of the people it governs. Following the death of 46-year-old black American George Floyd in a case of ...

a Guest Writer - avatar a Guest Writer

Scott Morrison: the right man at the right time

Australia is not at war with another nation or ideology in August 2020 but the nation is in conflict. There are serious threats from China and there are many challenges flowing from the pandemic tha...

Greg Rogers - avatar Greg Rogers

Prime Minister National Cabinet Statement

The National Cabinet met today to discuss Australia’s COVID-19 response, the Victoria outbreak, easing restrictions, helping Australians prepare to go back to work in a COVID-safe environment an...

Scott Morrison - avatar Scott Morrison

Business News

Reinventing The Outside Of Your Office

Efficient work is a priority in most offices. You need a comfortable interior that is functional too. The exterior also affects morale. Big companies have an amazing exterior like university ca...

News Company - avatar News Company

Kaspersky and Ferrari partnership: tailoring cybersecurity for an iconic brand

Kaspersky is commemorating the 10 year anniversary of its strategic partnership with iconic, global brand - Ferrari. The cybersecurity company is a sponsor of the brand’s Formula One racing team...

News Company - avatar News Company

Instant Steel Solutions Review

Are you keen on having the right guidance, knowledge and information about the right kind of steel purchases for your industries? If yes, then you are in the right place. There is no doubt that ...

a Guest Writer - avatar a Guest Writer

News Company Media Core

Content & Technology Connecting Global Audiences

More Information - Less Opinion