https://www.financeglobe.com/post/how-much-should-you-spend-on-a-new-car/ Personal Finance Tips & Tools Sat, 10 Aug 2019 11:05:10 +0000 hourly 1 https://wordpress.org/?v=7.0 https://www.financeglobe.com/post/how-much-should-you-spend-on-a-new-car/#comment-731 Sat, 10 Aug 2019 11:05:10 +0000 https://www.financeglobe.com/tools/2019/07/10/how-much-should-you-spend-on-a-new-car/#comment-731 Certainly is a lot to consider when buying a new or pre-owned vehicle. Noticed people commenting about taking 72 month or 84 month loan pay back time frames and finding themselves under water. Thinking that unless we are really sure about finances, maybe a 60 month loan is a good stop point to ensure we don’t get in the under water trap! Further, limiting a longer pay back may mean we spend less on our vehicles as unlike real estate, once you drive it out of the dealership it depreciates rapidly!

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