Understanding Car Financing

Buying a car is the second most expensive thing you will buy in your life after the purchase a house so it is very important to understand car financing. When buying the car there are multiple factors which you need to consider including how will you pay for the car purchase and then how will you cover the running costs. The two main financing options that you have are direct lending or dealership financing when purchasing a car. Consider to shop around before you make a decision about whether you will buy or lease a car. Look for offers from banks, finance companies, credit unions and dealerships and compare them to see which one suits you the best.

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