Buying a Car

To buy a car, you would want to take a loan out of the bank.  In doing so, you should start out by investigating loans to know how much you can afford to spend.  You'll need to call around to many different banks to find the best interest rate for you.  Most banks will require you to pay a down payment on the loan.  You'll also want to make sure that you have somebody who you can trust for your cosigner.  Down payments are important, so then they can give you a higher amount on the loan, and it helps you in the long run financially. The time frame of the loan affects you because depending on how long the loan is, you might not be able to pay it all off on time. The value of loans changes from year to year because of the growing economy and all of the changes of prices all around the world. Three things that you should know to buy a car would be to decide which vehicle best suits your needs and budget, to research different loans so that you can get the best, and finally to pay off your loans on time so then you don't get in debt. Loans can be a tricky thing.

News Article:
http://autos.aol.com/gallery/2011-consumer-reports-top-picks/

Source:
McDougal, H. (2011). Economics - Concepts and Choices. Orlando: Houghton Mifflin Harcourt Publishing Company.