Tuesday, June 28, 2011

buying a car

Are you thinking of buying a new car ?
First think about the alternatives.
Is the public transport good and dependable. If so it is better to depend on it except when you are going out with your whole family.

Is a new car worth the money you spend on it? Think about the fuel consumption and mileage especially in these days of high fuel prices. Remember that the new car will lose a lot of its (resale) value the moment it is driven out of the company lot.

A new car may be dependable , but may be costly and you might be forced to pay out higher EMI if you are buying the car on a car loan, since the loan rates are going up with the high inflation . But if you look around in the second hand market, you might be able to make a good deal on a second hand vehicle, but be warned that you should do proper checking on the papers and quality of the vehicle by an expert before you sign on the dotted line.

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