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Buying a car doesn’t just mean getting a car loan and driving away. You need to factor in all the hidden and on-road expenses. How much will a new car really cost?
With the recent jump in fuel prices, and speculation from some quarters that prices close to two dollars a litre are not out of the question in the near future, intelligent consumers are realising that residual value is an essential consideration when purchasing a new car.
Buying a car privately? Avoid buying a lemon and learn about potential pitfalls with this Money Buddy guide.
Although household debt is already at significant levels, car loan approvals are expected to continue to rise throughout the 2006/2007 year, according to a recent report from KPMG. This is despite the rise in fuel costs reported over the same period.
The profile of borrowers has also changed. These days lenders have to be willing to take on higher risk customers, offering them the same competitive products that the lower risk borrowers have always enjoyed.
Never sold a car online before? Find out how to do it with this Money Buddy guide.
For many people these days their car has become an essential member of their family. Transporting them to and from work, school, shops, friend's houses; the list is endless. So, how would you cope if your vehicle was suddenly unable to serve its function? Could you afford to replace it if it was written off? Could you afford to repair any damages caused as a result of theft or fire?
