Thinking about getting a new motor already? You’re not the only one. The allure of a new car is power. It’s a strong force that pulls every petrolhead in. Of course, there’s always the money issue to contend with. So how do you get the money for that new car? Here are a few options.
Get Someone Else To Buy It
This is for the select few with rich and generous relatives or friends. It’s not beyond the imagination this could happen. It is, however, very unlikely. I wouldn’t recommend making friends with rich people just for them to buy you a car though. It’s a bit shameless to milk people for material goods like that. Then again, that new car does look awfully nice…
Trade The Old One In
If you’ve got a bit of money lying around but not enough to buy the new car, trade in the old one to pay the rest. Many dealerships do part exchange programs. Just speak to the representative you’re working with, and see if you can make a deal. If your car is fairly new and in demand, you could get quite a good payout.
You could go to a company like Revolution Finance for an idea of how a financing arrangement can be worked out. You should do some research though. Not all finance companies are the same. They offer different deals and different rates. Some might work for you, others may not.
You need to know how much you can pay monthly, and for how long. A low monthly payment over a course of several years may work for you. A higher monthly payment over a lesser amount of time might work for someone else. Just know what you can and can’t afford.
Sell The Old One
If your old car isn’t suitable for a trade-in, you can always sell it on the open market. Used cars tend to go fairly quickly if they’re in good shape and priced well enough. You might not get a huge sum of money, but it might be enough to put towards a new car. You’ll have to create a good advertisement for the car. Spare no details, but don’t be unflattering to the car. You still have to get it sold. A few good pictures help too. Most people won’t bite on an advert without pictures.
List your advertisement wherever you can. You need to get that out there as far and wide as you can. The more people that see it, the more chance you have of selling it. Just price it appropriately and have a good advertisement. If it’s in enough places, you’ll find a buyer.
If nothing else is going to work for you, you’ve got to grit your teeth and wait. Saving the money for the car will probably take some time. You should prepare yourself for the wait. Eventually, if you’ve saved right, you should be about to stroll in and afford the car without any monetary assistance.