Reducing The Cost Of Owning A Car | Ramblings of an e-trader

Friday, 8 October 2010

Reducing The Cost Of Owning A Car

My friend, Irene, purchased a new car a few months ago. Now, she is already feeling the financial weight of having to pay her installment on time at the beginning of every month, and there are still another 4+ YEARS to go! Irene told me that when she was doing her calculations on whether she could afford a new car, her income was quite good. Now, her husband is retrenched and the family is making do with a single income.

Right now, she is looking for ways to cut down expenses with regards to the car, like looking for cheap car insurance and extending mileage for her gas. Although I drive an old car, at least I do not have to worry about an installment like Irene and many of my other friends who are driving a spanking new car.

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