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How To Afford A Way Nicer Car
How To Afford A Way Nicer Car

How To Afford A Way Nicer Car

Bummed out by your ride? You may not have to drive around in that old clunker for as long as you think…

When it comes to most things in this world, we look at the price and then decide whether or not the bank account’s looking healthy enough for us to buy it, or if we’ll have to save until we can afford it. As a guy dropping most of his cash on fashion, tech & beer, I was pretty stuck in the mindset of having to pay for everything upfront, in full. Recently my eyes have been opened to an alternative option – the world of getting expensive stuff that I thought I couldn’t afford right now, but actually can – aka loans.

Now if you already own a Ferrari, stop reading this article and go drive your car. If not, then read on…

For all three of the cars featured in this article, you can pick up this year or last year’s, new or dealer demo model for roughly $60,000. If you’re feeling like that’s a little out of reach for you right now and you’ll have to keep rolling in the Camry for a few more years, before you decide this is the point in which you stop reading you might be interested to find out how these cars can suddenly become much, much more affordable…

How To Afford A Way Nicer Car

There are online calculators that allow you to easily work out how much you would have to pay each fortnight or month if you took out a loan for the car. If you’re able to pay a chunk of the total cost of the car upfront then take out a loan for the rest, you may well find yourself walking into the dealership this weekend.

How To Afford A Way Nicer Car

I used a calculator by People’s Choice Credit Union to work out my repayments on one of these bad boys and they came up as a whole lot less than I expected – which is both exciting and hard to believe. For instance if I can save half the price of the car, then I’m looking at roughly $150 a week over 5 years.

Make sure you’re smart about it and shop around for the best loan – the calculator I used lets you compare your loan repayments against the bigger banks. Also remember to take into account interest repayments and look at the total loan cost when figuring out what you can afford. There are also terms, conditions, fees, charges and lending criteria that apply to any loan you consider.

How To Afford A Way Nicer Car

If this piques your interest, calculate what kind of repayments you’ll be looking at with People’s Choice Credit Union here – it’s likely you’ll be a lot closer to affording that new car than you think.

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