New Cars Too Expensive? 5 Tips to Make Buying More Affordable
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New car prices and interest rates are very high right now, leading to increased monthly payments. The average new car payment is $730.
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To make a car more affordable, put more money down to lower the monthly payment or pay in cash if possible. Save now and pay in full later.
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Check your credit score and improve it if needed to get better interest rates. Rates are linked to your score.
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Shop around at different dealers for the best pricing and financing terms. There may be room to negotiate.
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If you can't afford a new car, consider fixing up your old car instead of taking on a large monthly payment.