Bad credit: getting a loan for buying a car

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Buying a car: All what you need to know

The purchase of a car represents, after housing, one of the most critical expenses for a domestic economy. Many people consider the car, like the residence, as a yardstick of the success and social status of its owner. Therefore, many get into serious financial problems when trying to spend at home and car beyond their means. But from the financial point of view, there is a lot of difference between these two purchases. The acquisition of a home is an investment because, under normal conditions, real estate is revalued over time. Normally, although it takes many years to pay the house, in the end its value is higher than when it was purchased, resulting in a profit if it is sold again. On the contrary, a car loses value from the moment it leaves the dealership. It is not an investment, but a consumption expenditure. Stretching the budget to the limit to buy a home is dangerous, but if one manages to pay well all the fees in the end receives a good reward. Stretching the budget to the ...
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Car loan used car

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