5 Ways You Could Be Overpaying for Your Car
Filipinos love cars, that’s why we have so much of them. We love them so much that we’re willing to forego the perfectly sensible ’20 percent down payment, 5 years to pay’ auto loan and go with even a ‘0 down, 7 years to pay’ variety. Just so we can drive the car of our dreams, we stop caring whether we’re still paying for the car’s true value and are already overpaying.
Granted, longer loan terms aren’t the only way you could be paying for your car. If the five ways below sound familiar, you’re likely losing money on your car without knowing it.