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How to Set a Budget for Car Ownership

Buying a car? Learn how to properly set a budget so you have enough money for repayment, maintenance, and other costs of ownership.

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How to Set a Budget for Car Ownership

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  1. Car ownership How to SET A BUDGET 1800 Approved Finance Solutions 33 Ereton Dr. Arundel, QLD 4214 1800277768 http://www.1800approved.com.au

  2. CAR OWNERSHIP – HOW TO SET A BUDGET The golden rule is, "If you can't afford it, don't!" but a lot of people make the mistake of buying a car or getting a car loan even if they know that they CANNOT afford it. 

  3. CAR OWNERSHIP – HOW TO SET A BUDGET  In the end, either the car get's repossessed or you start skipping meals just to get by. That is the worst situation to be in.

  4. CAR OWNERSHIP – HOW TO SET A BUDGET Many fall into this trap, well, not really a trap but kinda.When the good looking new models, with the most up-to-date technology, come out. And that happens year after year and, every so often, a new sleek body is introduced so who wouldn't want those, right? If you can afford it, hell yeah!

  5. CAR OWNERSHIP – HOW TO SET A BUDGET So how the heck do you budget for a car purchase? Consider the following so you get a ball part figure of how much you're gonna spend.

  6. CAR OWNERSHIP – HOW TO SET A BUDGET Cost of the vehicle and monthly repayments - This in itself needs a lot of thinking through. We all love that new BMW that came out and that Ford RangerWildtrak but, ask yourself, what vehicle do I really need?

  7. CAR OWNERSHIP – HOW TO SET A BUDGET Maintenance costs - Maintenance is a regular expense that you can't and should not delay because you could end up spending more money in repairs.

  8. CAR OWNERSHIP – HOW TO SET A BUDGET Gas prices - Estimate how much you'll spend for gas every month by knowing the car's fuel efficiency and your travel distance.

  9. CAR OWNERSHIP – HOW TO SET A BUDGET Registration cost and other fees - This varies from state to state so I suggest you check with you local Department of Transportation.

  10. CAR OWNERSHIP – HOW TO SET A BUDGET When you arrive at a rough figure of how much you will spend upfront and on a monthly basis, you'll be in a better position to decide whether buying a car is a good decision or not. Alternatively, you may also speak with a finance broker for help in both assessing your financial readiness and car loan application.

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