Is it worthwhile buying a car using car finance?
i want to buy a car, but in double mind to buy using car finance. a friend advises me that taking a depreciating commodity on loan is not advisable. any advice
Public Comments
- Your friend is right however, it would benefit your credit rating by having an installment loan on your credit history. What you might want to do is put down a larger amount, this way your payments will be smaller and the interest you pay will be less. Finance at least 2400.00 for at least 24 months. Lenders love to see 24/24.
