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How to Afford the Car of Your Dreams


Affording the car of your dreams is possible if you plan accordingly. Even if it seems impossible to afford your ideal vehicle, there might still be ways for you to gather enough money to be able to pay for it. Here are a few tips that can make it easier for you to afford the car of your dreams.

Try Auctions

Vehicle auctions feature vehicles that are sold to the highest bidders. You might be able to get your dream vehicle for a surprisingly cheap price if a lot of other bidders aren’t interested. Going to a vehicle auction may be especially advantageous if you’re in the market for an antique automobile.

Work Other Jobs

If you already have a full-time job, you can try taking another part-time job to give you some extra money to afford your vehicle. There are also paid gigs that are posted on online classified sites that involve working at special events for a few days or assisting with things like moving or cleaning. Another option is to offer tutoring services if you know a skill or have in-depth knowledge of a particular academic subject.

Apply for a Loan

Many banks and other financial institutions offer auto loans with reasonable terms. Basic auto loan requirements include proof of income, proof of insurance and proof of residence. If you’re concerned that you won’t qualify, you can try having another person cosign on the loan to give the lender extra assurance. Paying all the money back in a timely manner will save you from having to pay as high of interest fees.

Learn to Perform Auto Repairs Yourself

If a used version of a car that you want catches your eye, you might be able to get a better deal if you buy it in as-is condition and perform the necessary repair and maintenance work yourself. You might save a considerable amount of money if the vehicle needs a lot of work and you’re able to do it yourself cheaply. Some tasks that are relatively easy to learn to do yourself include front brake pad replacements, battery replacements and basic tune-ups. You can turn your dream of owning your ideal car into reality by finding ways to make purchasing it more affordable. With the right plan of action, you’ll increase your chances of getting your dream vehicle and being happier behind the wheel.

Lizzie Weakley is a freelance writer from Columbus, Ohio. In her free time, she enjoys the outdoors and walks in the park with her three-year-old husky, Snowball.

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