Of all the fixed asset purchases an average working class person has to make, the new car is probably the scariest (second to property purchase of course). A new car doesn’t just require heavy investment but agonizing decisions over the multitude of choices available because unlike a fridge or a TV the car reflects your personal style. And once you are finally able to choose one that you can live with it might be just a little bit out of reach.
Luckily, dishing out hard cash isn’t the only way to get a new car these days. Car loans are readily available with terms and conditions (mostly) adjustable to suit your needs and they are also easier to get approval for than standard bank loans (a poor credit history doesn’t hurt as much when applying for a car loan).