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Saving strategy for car
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[QUOTE="sharonknight, post: 329053, member: 104949"] Okay, if you are planning to buy a car then I think you have some XYZ model as well as some ABC pricing in your mind and even if you decide on coming years or within 2 to 3 years you are planning to buy it. According to me, you need to focus on first saving money and keep in mind not only the cost of buying a car but also think about the petrol/gas price, service and maintenance price which the car bears year-wise. You need to save 50 percent of the money that you give them as a down payment and the rest you can finance as a car loan in which some fixed amount of EMI is decided according to the tenure of the loan. You must also consider buying some second-hand models also, try to find some deals as in the market people sell their used car if you find that particular car covers less distance and in good condition than you have to buy it. By doing this you can save your money. And, lastly don't forget to take car insurance because it is like a protection shield to save your dream so that if any unwelcome accident situation comes your car becomes safe and you don't need to spend your savings. [/QUOTE]
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