Buying a car involves three major aspects – understanding the kind of car you want to buy, monthly payments you can afford and terms of the lender if you take a loan to finance your car. All three aspects are connected with each other in that the right car for you is not solely based on its utility, but also its affordability. Conversely, an affordable car need not be right for you in terms of its utility.

Similarly, a car that appears affordable initially, may not turn out to be so when you talk to banks and find out about the costs associated with the loan. Here are a few useful tips that will make the process easier.
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