In the spring of this year I plan to buy a Ford car. But you know there are so many things to consider about before I own a car. For example, I need to know some information about auto loan, auto repair, auto insurance quotes and so on.
What I really care about is whether I should buy car with or without loan. I have 10k in my savings account. I want to buy a car worth 10k. Then I can take out a car loan worth 10k and pay 7 percent interest per year. Assuming everything else equal and no drastic changes in my life for the 5 years of the loan, I don't know would it be better to buy the car without the loan and just use my savings or to take the loan and use my savings to invest making me 7 percent per year (same as loan).
I am distressed for a long time, and also found a lot of relevant information but it did not help. It has been unresolved until one of my colleagues gave me a very useful site http://www.gismdir.com/Computer/auto/. Now, I solved all my confusion, and bought my favorite car. Perhaps you can see me in the car when you're walking down the street.
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