We all have that one dream vehicle that we look at longingly as it whizzes past us on a busy street. Some of us even go to the extent of putting up a poster of our favourite car in our room and workplace, promising ourselves every day that soon enough we will own it.
If this sounds like you, then there’s good news for you. You can now own your dream vehicle without actually paying the whole amount. Sounds too good to be true right? Read along to understand the several ways this is possible.
Lease To Own
This is a great option to get your dream vehicle sooner by leasing it. If you have the exact vehicle in your mind that you would like to drive then rent to own cars is a good option to consider. You can easily find a good deal and make monthly payments instead of waiting to collect the huge downpayment for buying the vehicle outright. Through this method, you can drive your car right away with no waiting period or processing time. What’s more, it will also give you a chance to get the feel of the vehicle and decide if you actually even like it or if it was just visually appealing. If you don’t like it, you can easily switch to another one. This way you can try way more vehicles to understand which suits your preferences the best.
Bank Loans
More banks are now offering flexible payment methods so that you can buy the vehicle of your dreams with the minimum possible investment. The approval however will depend on your credit score and ability to pay back the loan. Even if you have the total money needed to buy the car, you can still opt for instalments instead of paying all in one go. This gives you extra cash in hand that you can use in case you have an emergency as well you will have the peace of mind that the instalments can be paid for many months to come. The only drawback here is that not all people easily qualify for bank loans and sometimes the waiting period can be longer.
Credit Card
Hard cash nowadays doesn’t have much value. What you can’t buy with cash, you can easily put it on your credit card. All you need is a good credit limit and you can easily buy/lease your dream vehicle with no further delay. You can even buy a car and avoid leasing it. You will however need to make sure that you have the funds for making the monthly minimum payments. Take this option if you have a steady flow of income. If you do make regular instalments and actually buy a car from your credit card then your credit score will definitely go up positively.
Whatever means you choose to get the vehicle of your dreams, always first ensure that you have the capacity to pay the minimum amount. A stress-free driving experience in your dream vehicle is sure to bring in more pleasure than a stressful one.
