Know your budget range
While getting a car loan seems like an ideal solution, in the long run it can turn out to be a menace if you don’t keep within your budget. Like any other investment, you need to set an amount for your car which you can afford to pay without much inconvenience. You have to include additional costs such as registration fee, insurance, diesel, maintenance etc. Also, you should bear in mind that the value of cars declines over time owing to its wear and tear, hence you should not decide on a car which costs more than what you bargained for.
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