Trappe, Maryland; Town: Motto(s): 19th Century Charm - 21st Century Progress Location of Trappe, Maryland: Coordinates: Coordinates: Country United States: State Maryland: County: Talbot
When buying new cars, if you ignore our advice and you trade in a used car which you still owe money on, insist that the dealer put in writing that they will pay off your car loan in 10 days or no deal. Then the dealer is liable because you took steps to protect your rights up front.
Meanwhile, buying a new vehicle extends the length of time youâre able to own your car. If you pay off your car loan in three years, youâll have a good seven to 10 years of payment-free car ownership ahead of you, and probably even a few years left on your warranty, too. completely disagree on having a down payment on a new car. In the current state of the economy, itâs important to have as much liquidity as possible. SAVE YOUR CASH! And donât buy new. Buy a car thatâs a couple of years old and donât finance for more than 5 years (shoot for 4 years).