Who doesn’t love having a new car? There’s not only the thrill of having a new ride but also the confidence that you won’t have to deal with car repairs anytime soon. If you are shopping for a new car, chances are you will need a car loan to finance it. That’s why you should understand how car loan interest rates work.
Your old car has finally stopped working and you need new wheels. Or maybe you just want to upgrade to a newer model. Or your family is growing and it’s time to trade in the coupe for something more practical. What is your best option? Should you buy a car, or would it be better to lease a car?
Congratulations! You’ve graduated to the next phase of Adulting 101: buying a car. This process isn’t wildly different from shopping for a home, but it does come with its own set of questions. Do you prefer used versus new? Style versus functionality? Speed versus comfort? Diesel versus gas? We’re not trying to be clever here (well, sometimes), but perhaps the easiest way to answer these questions is with additional puzzlers. For example…