Plus, a car that isn't in the best shape may not be reliable. But if that car then starts bailing on you, you could end up having to sink the thousands you saved into repair costs. You might save thousands of dollars on your car purchase itself by buying a used car in not-so-great shape. But that mistake could come back to haunt you. If you're on a serious budget for buying a car, you may be inclined to purchase the cheapest used model you can find. Buying the cheapest used car you can find And if you are going to buy new, now's probably not the time to load up on features that add to the cost of your purchase. If money is tight, then it pays to explore your options for getting a used car before springing for a new vehicle. But new cars can cost a lot more money than used ones, and they also tend to lose value pretty quickly.
You may like the idea of showing up on campus with a brand new vehicle. Here are four mistakes to avoid in the course of buying a car. And so if you're in the process of purchasing a vehicle to take with you to college, it's important to approach that process judiciously. But if you're a college student, you may be even more restricted on what you can spend, what with not having a full-time job. Owning a car can be a tough thing financially at any stage of life. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review Bank of America Online Privacy Notice and our Online Privacy FAQs.The Ascent's picks for best car insurance companies These ads are based on your specific account relationships with us. In addition, financial advisors/Client Managers may continue to use information collected online to provide product and service information in accordance with account agreements.Īlso, if you opt out of online behavioral advertising, you may still see ads when you log in to your account, for example through Online Banking or MyMerrill. If you opt out, though, you may still receive generic advertising. If you prefer that we do not use this information, you may opt out of online behavioral advertising.
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