Buying a car requires huge payment that sometimes people can afford one car in their entire life. One spends thousands of dollars to buy a brand new car. Few of them take loans while others get a car on the lease as well. Here we are providing the five alternatives to buying a zero meter car.
Alternative to buy a car, Look for a Used Car
The best alternative to buy a brand new car is to choose one that is slightly used. A car with a one-year use, lose up thousands of dollars in initial price. More simply, one can say that buying two or more years used cars can save up to thousands of dollars. There is variety in used cars so one can select between them according to his liking and savings. You have to go for little maintenance, and it will look like a new one. Buying a used car can save you up for taking a loan, paying mark-ups and left the burden from your finances.
Alternative to buy a car, Lease Your Next Car
Another alternative is to buy a car is on lease. Leasing is an opportunity that allows a person to use a vehicle freely and owns it when he has done with the payment of several years. A good thing about taking a car on a lease is that you did not have to find a dealer if you wanted to sell it laterly. You can send it back to the person or company who gave it to you on lease.
If we talk about cost, leasing involves a down payment, first-month payment, and other fees associated with lease plan. The lease payment is always lower than loan payments. The monthly lease payments are lower that one can pay it monthly without any hassle. Moreover, it allows a person to drive the car over a long period as well.
Alternative to buy a car, Car Subscriptions
Have you ever heard about car subscriptions? They are new, but the best solution to buy a new car. This service allows a buyer to pay monthly fees without any interest charges. Moreover, there is no down payment so one not have to worry about it. The monthly fees start from a few hundred dollars and go up to 2000$ depending on the car model and company.
Alternative to buy a car, Use it on Ridesharing Service
If it is hard to you to pay a monthly fee, then ridesharing service is an excellent alternative to choose. Ridesharing services include UBER, Lyft and more. One can easily get a new car if he joins some ridesharing service. Your task is to drive and make money. The monthly earning from ridesharing can be used to pay up the monthly fee, to sue for maintenance, and fuel refilling as well. If you are living in some urban area, getting a new car by joining the ridesharing service will be useful.
Alternative to buy a car, Car Sharing
The last alternative is of car sharing. In car sharing, people rent out cars for short time use and get a reasonable fee. By using any old car for car sharing and saving up the rent, one can get his own desired car. It will be helpful to grow up your car business as well because rent from one car can be used to pay for another car.