Travelling in public transport is among the various options
that can be used to move around the city, but is a hectic and time consuming
idea. Job holders often have to face hurdles in reaching the office in time as
they have to leave quite early from their house. To save time and the
hardships, they wish to have a new car, which does not ask for regular repairs.
New cars are often expensive as they come straight from the manufacturing unit
and are not used by anyone else. If you are unable to buy a latest edition car
out of your saving, you can borrow from a close friend, apply for a bank
mortgage or sell a scrap car for cash
which is no more of use. A scrap car won’t earn you enough, but the proceeds
can be added to buy a new car.
Borrowing from A Friend
Friends and relatives are among the first to help you in
financial crisis, as they truly the situation you are going through. Ask a few
close friends, who have enough savings to lend you for a long time. You can
simply calculate your monthly savings and convince your friend for a later date
of repayment.
Applying for Mortgage
Banks and other financial institutes offer short term and
long term loans to let the people fulfill their needs and wishes. They need
documentations like evidence of your monthly income and agree to their rules.
They may impose a fixed or flexible interest rate over the monthly installments,
which shall only be agreed if you can pay.
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