Here are five different ways on how you can buy your new car. Making a lump sum payment allows you to avoid interest rates and other financing fees, which can help keep overall costs lower. Dealerships often make their own decisions on loan rates and repayment plans, which may not always be the best option financially. Car LeasingLeasing a car can be a viable alternative for those who are not yet prepared to make a car purchase. Additionally, car leases tend to come with lower interest rates and payments than loans.

Source: ABC News May 25, 2023 14:24 UTC